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Commerce · Q1425

Accounting

Graduate and Post Graduate · Commerce · question 1425

Q1425

The main objective of accounting standards is to

A.
Prepare the accounting reports easily understood by the common man
B.
Comply with the legal formalities
C.
Harmonize diversified accounting practices
Answer
D.
Comply with the requirements of the International Accounting Standards (IAS)

Answer: Option C

Solution

Answer: Option C
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