Answer / naviii

Financial statements are prepared on historical costs and
fail to present a true and fair view of the business as
they do not consider price level changes. Inflation
accounting, on the other hand, is recording all the
financial and economic events of a business in terms of
current cost and discloses a true and fair view of the
business. But in India, there is an urgent need of a
generally-accepted inflation accounting method to keep pace
with the global system of accounting.

company prepares accounts sometimes on cash basis , sometimes on accural basis A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE

11 Answers   Genpact,

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Expand----------MSRT

1 Answers  

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What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

2 Answers  

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classify the following into personal,real,nominal a/c-capital interest, purchase,drawing,sales return,outstanding rent,bills payable,club a/c, bill's receivable,bills payable,salary

1 Answers  

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fill in the Blanks Closing balance of _________will not find place in next year books

2 Answers  

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what is derivative?

8 Answers   Bank Of America, FactSet Systems,

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What is Average Due date

6 Answers  

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mention 3 types of cash book

5 Answers   ECDS, Ford,

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Is closing stock will recorded in Trail balance?

9 Answers   Genpact,

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INDEPENDENT BRANCHS

1 Answers  

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Expand------BIFR

1 Answers  

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what is the difference between share and debenture

1 Answers  

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