Accountancy, asked by Tanisha2804, 5 hours ago

What is interpreting in accounting?​

Answers

Answered by IIMrSanskariII
4

Answer:

An accounting interpretation is a statement, issued by accounting standards bodies, clarifying how existing accounting standards should be applied. Interpretations are generally not requirements, but rather outline best practices and provide further explanation

Answered by XxItsUrPyaalxX
7

Answer:

An accounting interpretation is a statement, issued by accounting standards bodies, clarifying how existing accounting standards should be applied.

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