Which of the following arguments is not in favour of entities being required to comply with accounting standards? They reduce variations in methods used to produce accounts They oblige companies to disclose their accounting policies They are a less rigid alternative to legislation They may tend towards rigidity in applying the rules A B C D

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 7
Which of the following arguments is not in favour of entities being required to comply with
accounting standards?
They reduce variations in methods used to produce accounts
They oblige companies to disclose their accounting policies
They are a less rigid alternative to legislation
They may tend towards rigidity in applying the rules
A
C
D
Transcribed Image Text:Question 7 Which of the following arguments is not in favour of entities being required to comply with accounting standards? They reduce variations in methods used to produce accounts They oblige companies to disclose their accounting policies They are a less rigid alternative to legislation They may tend towards rigidity in applying the rules A C D
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