Financial and Management Accounting

1: In reference to the accounting standards, choose the correct statement:
A.
Accounting standards codify the generally accepted accounting principles
B.
They lay down the norms of accounting policies and practices by way of codes or guidelines
C.
The main purpose of accounting standards is to provide information to the user as to the basis on which the accounts have been prepared
D.

All of the above

 

Answer : D

Explanation :

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Option: A

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