why there is a need for ACCOUNTING standard
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ᴀᴄᴄᴏᴜɴᴛɪɴɢ sᴛᴀɴᴅᴀʀᴅs ᴇɴsᴜʀᴇ ᴛʜᴇ ғɪɴᴀɴᴄɪᴀʟ sᴛᴀᴛᴇᴍᴇɴᴛs ғʀᴏᴍ ᴍᴜʟᴛɪᴘʟᴇ ᴄᴏᴍᴘᴀɴɪᴇs ᴀʀᴇ ᴄᴏᴍᴘᴀʀᴀʙʟᴇ. ʙᴇᴄᴀᴜsᴇ ᴀʟʟ ᴇɴᴛɪᴛɪᴇs ғᴏʟʟᴏᴡ ᴛʜᴇ sᴀᴍᴇ ʀᴜʟᴇs, ᴀᴄᴄᴏᴜɴᴛɪɴɢ sᴛᴀɴᴅᴀʀᴅs ᴍᴀᴋᴇ ᴛʜᴇ ғɪɴᴀɴᴄɪᴀʟ sᴛᴀᴛᴇᴍᴇɴᴛs ᴄʀᴇᴅɪʙʟᴇ ᴀɴᴅ ᴀʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴄɪsɪᴏɴs ʙᴀsᴇᴅ ᴏɴ ᴀᴄᴄᴜʀᴀᴛᴇ ᴀɴᴅ ᴄᴏɴsɪsᴛᴇɴᴛ ɪɴғᴏʀᴍᴀᴛɪᴏɴ.
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Answer:
so that we could check the data clearly
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