O-LevelAccountingAccounting principles and policies7707/11 · May/June 2016 · Q301 Mark
Which statement is not true about reasons for using international accounting standards?
Ahelps when making comparisons between companies
Bimproves the reliability of accounting information
Cnarrows the areas of difference between companies
Dmakes the preparation of financial statements less time consuming
✓ Correct answer
D: makes the preparation of financial statements less time consuming
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