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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
When is the reliability of financial statements enhanced?
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Answer

When financial statements are prepared in compliance with accounting standards and auditors have certified such compliance, it enhances the reliability of financial statements.

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