Question

what are accounting standard​

Answer 1

Answer:

Publicly traded companies typically are subject to the most rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders.

Answer 2

Answer:

accounting standards are authorative standards for financial reporting and are primary source of generally accepted accounting principles. It suggest the role of recognition measurement, treatement presentation and disclosure of accounting transactions in financial statement of an organization

Explanation:

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