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what is accounting standard?
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Accounting Standards in India are issued By the Institute of Chartered Accountanst of India N At present there are 30 Accounting Standards issued by ICAI. which helps to arrive at the financial position of an origination's financial status at particular time,
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dharmendra
accounting standrs is mind of accounts,and they guied in
the any difficulty or problams in accounts.which issued by
ICAI.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jenz
accounting standard are the methord used for presenting various financial statements ....(laws which cant be change)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / azza
accounting standard is a principal that used as refrense to
determine the appropriate treatment for complex transactions
and governs current accounting practice
it is an authoritative statement determine the treatment
and disclosure of events and transactions in preparing and
puplication of accountig financial reports
without it the comparability of differnt companies is so
difficult
| Is This Answer Correct ? | 2 Yes | 3 No |
A common standard for accounting and reporting. Accounting
Standards contain the principles governing accounting
practices and determine the appropriate treatment of
financial transactions.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sashanka sekhar nayak
Accounting Standard with a bunch of Princples & Method
prepaired by Institute Of Chartted Accountants Of India for
better maintainance of accounts & day today operations &
also that is the limitations withen which we should work.
| Is This Answer Correct ? | 0 Yes | 1 No |
Accounting standard is applied by Charted
Accountant.Accounting standard is provied the knowldge of
Acounting section.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / kiran
i would like to take the decision with you but my feelings
are to be different but we can not the person. there is two
purpose of the final account
| Is This Answer Correct ? | 11 Yes | 13 No |
Answer / kunal
Accounying standaras are the principles for messuring and
standarding financial data in proper manner.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / chetan
ACCOUNTING STANDARD ARE THOSE WHICH ARE ISSUED BY ICAI
WHICH EVERY BUSINESS HAS TO STRICTLY FOLLOW
| Is This Answer Correct ? | 1 Yes | 3 No |
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I am a Tax Practioner Prepared 6 sets of Interview questions with answer books.Is there any body need them. All the questions related to Accounts and Taxation. Regular users of this site are utilising the chance.
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
what is difference between cash and profit?, and why netprofit comes under capital account?
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A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
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