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http://www.rnm.in/blog/wp-content/uploads/2022/06/Add-a-heading-3-1024x512.png1024512An accounting standard is a policy that defines the treatment of an accounting transaction in financial statements. The entire concept of accounting standards is to harmonise accounting policies and practices used by different business entities in order to standardise the numerous accounting methods used for various aspects of accounting. They, therefore, provide guidance for companies to prepare and report useful […]