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What is the main purpose of the accounting standard?

The main purpose of accounting standards is to ensure consistency, comparability, reliability, and understandability of financial statements.

Basic Accounting Concepts, Accounting Standards, and the Conceptual Framework.

Accounting 1 7th Edition Answer Key Chapter 2 -

What is the main purpose of the accounting standard?

The main purpose of accounting standards is to ensure consistency, comparability, reliability, and understandability of financial statements.

Basic Accounting Concepts, Accounting Standards, and the Conceptual Framework.