Accounting has certain norms to be observed by the accountants, while recording transactions and pre….

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Accounting has certain norms to be observed by the accountants, while recording transactions and preparation of final statements. These norms reduce the vagueness and chances of misunderstanding by harmonising various accounting practices. Which of the following represent these norms?

Options :-

1. Accounting regulations
2. Accounting guidance notes
3. Accounting standards
4. Accounting frameworks

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