Which of the following is the purpose of China's "Accounting System for Business Enterprises" issued in 2001 to supersede its "Basic Standard of Accounting for Business Enterprises?"
A)Increase harmonization of accounting standards.
B)Improve comparability of accounting statements.
C)Make financial reporting distinct from taxation.
D)All of the above

Question

Quizplus · Accepted Answer

The "Accounting System for Business Enterprises" issued in 2001 aims to increase harmonization of accounting standards, improve comparability of accounting statements, and make financial reporting distinct from taxation. Therefore, all of the above options are correct.

Which of the Following Is the Purpose of China's "Accounting