Why is accounting concept and principle considered a foundation of
accounting report?
Answers
Answered by
1
By having proper accounting standards such as US GAAP or IFRS, information presented publicly is considered comparable and reliable. As a result, financial statement users are more informed when making decisions.
Answered by
0
Answer:
by having proper accounting standards such as US GAAP or IFRS, information presented publicly is considered comparable and reliable. As a result, financial statement users are more informed when making decisions.
Similar questions