Question

Explain the basic objective of hoving
accounting Standards​

Answer 1

Answer:

The primary objective of Accounting Standards are:

To provide a standard for the diverse accounting policies and principles. To put an end to the non-comparability of financial statements. To increase the reliability of the financial statements. To provide standards which are transparent for users

Answer 2

Answer:

The primary objective of Accounting Standards are:

To provide a standard for the diverse accounting policies and principles. To put an end to the non-comparability of financial statements. To increase the reliability of the financial statements. To provide standards which are transparent for users.