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Objective accounting standards |
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Answer» It is ti ensure transparency,reliability,consistency and comparability of the financial statements. They do the standardizing accounting polices and principle of a nation so the transaction of all companies will be recorded in a similar manner The primary\xa0objective\xa0of\xa0Accounting Standards\xa0are: To provide a standard for the diverse accounting policies and principles. To put an end to the non-comparability of financial statements. To increase the reliability of the financial statements. To provide standards which are transparent for users. |
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