The main objective of Accounting Standards is
A. To prepare the accounting reports which is easily understood by common man.
B. To comply with the legal formalities.
C. To harmonise the diversified accounting practices.
D. To comply with the requirements of the International Accounting Standards (IAS).
Answer:C
The main objective of Accounting Standards is
A. To prepare the accounting reports which is easily understood by common man. B. To comply with the legal formalities. C. To harmonise the diversified accounting practices. D. To comply with the requirements of the International Accounting Standards (IAS).