![Financial accountancy is governed by ___________](https://www.gkseries.com/blog/wp-content/uploads/2022/04/Financial-accountancy-is-governed-by-___________.png)
Q. Financial accountancy is governed by ___________
A. local standards only
B. international standards
C. local as well as international accounting standards
D. company’s internal top management only
Answer: local as well as international accounting standards