Question 1 12 Marks Small proprietary companies do not require to comply with AASB standards Do you agree with this statement Justify your answer (8 Marks) Comparability ensures the comparison of the financial statements among different companies Do you agree with this statement If so, how Briefly justify your answer (4 Marks)

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Question 1 12 Marks Small proprietary companies do not require to comply with AASB standards . Do you agree with this statement? Justify your answer.

Question 1 12 Marks

Small proprietary companies do not require to comply with AASB standards.

Do you agree with this statement? Justify your answer.

(8 Marks).

Comparability ensures the comparison of the financial statements among different companies.

Do you agree with this statement? If so, how? Briefly justify your answer.

(4 Marks)

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