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what is accounting standard?
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Answer Posted / ganesh
Accounting Standards are written policy documents issued by
experts accounting body or by govt. or by any other body
covering the aspects of recognition,measurement,
presentation & disclosure of accounting transaction in
financial statement.
aim at improving the quality of financial
reporting by promoting comparability, consistency &
Transparency.
| Is This Answer Correct ? | 24 Yes | 8 No |
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