
Concept Introduction:
International Financial Reporting Standards:
International Financial Reporting Standards are issued by the IFRS foundation and International Accounting Standards Board (IASB). They pronounce the universal language for accounting of business affairs of a company. They are the rules and principles to be followed by the book keepers to maintain books of accounts that are understandable, reliable and comparable across the boundaries of the nation to which the business pertains.
To analyze: The type of

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Chapter 2 Solutions
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