What is the purpose of accounting concepts? O a. To establish rules for tax calculations. Ob. To regulate ethical behavior in accounting. O c. To provide guidelines for preparing financial statements Od. To determine the market value of assets and liabilitiesWhich of the following is an overview of Indian and US GAAP? O a. Both Indian and US GAAP follow the same accounting principles. Ob. Indian GAAP is based on IFRS, while US GAAP is unique to the United States. O c. US GAAP is based on IFRS, while Indian GAAP is unique to India. Od. Both Indian and US GAAP are based on the same international standards