Accountancy, asked by lukmanahmedmd973, 3 months ago

procedure of accounting standards​

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Answered by Anonymous
3

Answer:

Procedure for Formulation of Accounting Standards

The draft normally includes the definition of important terms, the objective of the standard, its scope, measurement principles and the representation of said data in the financial statements. The ASB then carries out deliberations of the said draft of the standard.

Answered by aalminsiddiqui
37

Answer:

Procedure for Formulation of Accounting Standards..

The draft normally includes the definition of important terms, the objective of the standard, its scope, measurement principles and the representation of said data in the financial statements. The ASB then carries out deliberations of the said draft of the standard..

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