28-A new company has started its operations in UAE where the company is connected to various venders from Italy, Africa and America. As the company is operating in such a place which is famous of a business hub for the whole world, also is connected to the different part of the world therefore O a. The company should follow generally acceptable accounting principles O b. None of the options O c. The company must follow their own system of accounting O d. The company should follow international financial reporting standards
28-A new company has started its operations in UAE where the company is connected to various venders from Italy, Africa and America. As the company is operating in such a place which is famous of a business hub for the whole world, also is connected to the different part of the world therefore O a. The company should follow generally acceptable accounting principles O b. None of the options O c. The company must follow their own system of accounting O d. The company should follow international financial reporting standards
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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28-A new company has started its operations in UAE where the company is connected to various venders from Italy, Africa and America. As the company is operating in such a place which is famous of a business hub for the whole world, also is connected to the different part of the world therefore
O a. The company should follow generally acceptable accounting principles
O b. None of the options
O c. The company must follow their own system of accounting
O d. The company should follow international financial reporting standards
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