Question
Which of the following is not an advantage of accounting
standards?Solution
Accounting standards do create a level playing field for companies, but this is not the primary advantage of accounting standards. The primary advantage is that they promote consistency, comparability, accuracy, reliability, and transparency of financial information.
Consider the following statements about Mohenjo Daro:
1.   Archaeologists recently discovered 2000-year-old copper coins in this area.
Recently Who has become the first ever woman director general of the Council of Scientific and Industrial Research ( CSIR) ?
By how much did loans to Micro, Small, and Medium Enterprises (MSMEs) grow in the current fiscal year according to RBI data?
The International Cricket Council (ICC) has imposed a five-year period of ineligibility on which West Indies player for breaching multiple anti-corrupti...
The 'One Nation, One Election' plan requires constitutional amendments, particularly to which of the following Articles?
The Indian Navy, in continuation with celebrating its ‘Azadi ka Amrit Mahotsav’ has partnered with ______ to embark on a motorcycle expedition in La...
Which Hungarian author won the Nobel Prize in Literature in 2025?
The 28th Asian Table Tennis Team Championship 2025 will be hosted in which Indian city?
The 3rd edition of the Singapore, India and ________ Trilateral Maritime Exercise (SITMEX – 21) commenced in the Andaman Sea.
What is the IMF’s GDP growth projection for India in 2025-26, as per its World Economic Outlook?
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