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What is the scope of Accounting Standards?a)To override local regulations and laws.b)To replace the management's responsibility for financial statements.c)To apply only to immaterial items.d)To conform to applicable laws and business environment.Correct answer is option 'D'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the scope of Accounting Standards?a)To override local regulations and laws.b)To replace the management's responsibility for financial statements.c)To apply only to immaterial items.d)To conform to applicable laws and business environment.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the scope of Accounting Standards?a)To override local regulations and laws.b)To replace the management's responsibility for financial statements.c)To apply only to immaterial items.d)To conform to applicable laws and business environment.Correct answer is option 'D'. Can you explain this answer?.

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