Who benefits the least from accounting regulation? Why?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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 Who benefits the least from accounting regulation? Why? 

 

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The entity engages in day-to-day operations to provide goods and services to the customers and as a result, the entity enters multiple transactions that are recorded in the accounts. The companies are required to follow accounting standards, and regulations while recording transactions and preparing financial reports.

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