Question

Which of the following are not the advantage of accounting standard (a) It reduce confusing variation in the accounting treatments used to prepare financial statements. (b) Some information’s are not required by law. To disclose standards May call for disclosure beyond that required by law. (c) Financial statements become comparable. (d) It leads to confusion in deciding about the accounting policy

Answer 1

[C] Financial statements become comparable. ✓✓

Answer 2

Answer:

which of the following is not advantage of accounting standards