Social Sciences, asked by hammadmakhdoomp2135, 5 months ago

Important of accounting standard

Answers

Answered by sivasanajana89
1

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.

Answered by architasahu
0

Answer:

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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