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O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2020 · Q351 Mark

What is not an aim of international accounting standards?

Ato ensure accounting standards in different countries agree
Bto establish an organisation to set standards in every country
Cto make it easier to compare companies' financial statements
Dto reduce the variety of accounting practices worldwide

✓ Correct answer

B: to establish an organisation to set standards in every country

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 35.

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