What are accounting standards?

Answer Posted / jyoti

Accounting standards are the accounting prinicles that is
prescribed by icai to be followed in prepration and
presentation of financial statments.

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand ________FIPB

1641


what is waybill key number & how can it be issue?

1841


what is the difference between financial accouning and financial management?

1732


why would you like to opt nbp

1540


Who is called consignor

1487






CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1032


what about case study

1686


If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

1683


Expand-------SNAT

1513


Example for extra ordinary expenditure?

2240


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1986


Short Answer on __________Event

1556


what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form

3606


• What is depreciation and the method?

1592


what is the procedure of interview question in genpact

1780