Accountancy, asked by dk9667656541, 6 months ago

give two benefits of accounting standard

Answers

Answered by anjulatajena

0

Explanation:

The accounting standards help measure the performance of the management of an entity. It can help measure the management's ability to increase profitability, maintain the solvency of the firm, and other such important financial duties of the management. Management also must wisely choose their accounting policies.

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