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 The purpose of Accounting Standards is to : 
  • a)
    Harmonise accounting policies 
  • b)
    Eliminate the non comparability of financial statements 
  • c)
    Improve reliability of financial statements 
  • d)
    All of the above 
Correct answer is option 'D'. Can you explain this answer?
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The purpose of Accounting Standards is to :a)Harmonise accounting poli...
Accounting Standards are written policy documents issued by expert accounting body or by the government or other regulatory body covering the aspects of recognition, measurement, treatment, presentation, and disclosure of accounting transactions in financial statements.
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The purpose of Accounting Standards is to :a)Harmonise accounting policiesb)Eliminate the non comparability of financial statementsc)Improve reliability of financial statementsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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The purpose of Accounting Standards is to :a)Harmonise accounting policiesb)Eliminate the non comparability of financial statementsc)Improve reliability of financial statementsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The purpose of Accounting Standards is to :a)Harmonise accounting policiesb)Eliminate the non comparability of financial statementsc)Improve reliability of financial statementsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The purpose of Accounting Standards is to :a)Harmonise accounting policiesb)Eliminate the non comparability of financial statementsc)Improve reliability of financial statementsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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