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Benefits and limitations of Accounting Standards-min

Benefits and Limitations of Accounting Standards

Accounting Standards describe the accounting principles. They provide for the valuation techniques and the methods of applying the accounting principles. Accounting Standards help in establishing comparability and reliability features for financial statements. This helps financial
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Objectives of Accounting Standards

Objectives of Accounting Standards-min
Accounting is a language in itself. It communicates the financial statements of an enterprise. It speaks its financial status. But,