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what is accounting standard?
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Answer Posted / azza
accounting standard is a principal that used as refrense to
determine the appropriate treatment for complex transactions
and governs current accounting practice
it is an authoritative statement determine the treatment
and disclosure of events and transactions in preparing and
puplication of accountig financial reports
without it the comparability of differnt companies is so
difficult
| Is This Answer Correct ? | 2 Yes | 3 No |
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