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Definition of accounting standards

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Definition of accounting standards

    • Posted by Rashi Sharma 5 years, 11 months ago

    ICSE & ISC > Class 11 > Accountancy
    • 1 answers

    Gaurav Seth 5 years, 11 months ago

    Accounting standards are the rules, regulations, directives etc that are issued by accounting and governing bodies of the world. The intention is to make sure all companies and organizations follow the same rules for accounting and have the same format for their financial statements.

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