Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.

Which statement is true.I)Financial accounts are prepared according to

1.	Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.
A.	Only II
B.	Both I and II
C.	Only I
D.	None is true
Answer» D. None is true

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Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.

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