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P2 C7 Accounting Standards : Concept and Objectives — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C7 Accounting Standards : Concept and Objectives1 Mark
Question
According to Kohlar, what are Accounting Standards?
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Answer

According to Kohlar, Accounting Standards are a Code of Conduct imposed on accountants by custom, law and a professional body.

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