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Objective accounting standards

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Objective accounting standards

Posted by Saurabh Pandey 6 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Jinali Jain 6 years, 5 months ago

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

Sia ? 6 years, 5 months ago

The primary objective of Accounting Standards are: 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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