what is accounting standard?
Answers were Sorted based on User's Feedback
Answer / juvlemm
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 ? | 433 Yes | 40 No |
Answer / mohd. sikander
Accounting standerds are the subject of guidlines issued by
the Institute of Chartered Accountant of india in respect
of financical transactions.
Is This Answer Correct ? | 246 Yes | 55 No |
Answer / bipin kumar jain
it is a set of accounting principles dealing with a
particular subject matter.it is drafted by accounting
standard board and issued by institute of chartered
accountants of india.
Is This Answer Correct ? | 102 Yes | 46 No |
Answer / keyur manvar
Accounting Standards are the policy documents issued by the
recognised expert accounting body relating to various
aspects of measurment, treatments and disclosure of
accounting transaction and events.
Is This Answer Correct ? | 64 Yes | 30 No |
Answer / babu
A common standard for accounting and reporting. accounting
body relating to various
aspects of measurment, treatments and disclosure of
accounting transaction and events
Is This Answer Correct ? | 48 Yes | 23 No |
Answer / kiran
Accounting standards are the guidline prepaired by the
Institute of Chartered Accountant of india to make
financial transactions in same maner.
Is This Answer Correct ? | 37 Yes | 15 No |
Answer / abhishek bansal
Accounting standards are the principles through which we
represents our accounting in a uniform manner.it is a
proper means to represent our financial statements.so that
the users of financial statements can access and
understands the financial stements.
Is This Answer Correct ? | 30 Yes | 8 No |
Answer / anil waghle
An Accounting Standerd is a selected set of accounting
policies regarding the principles and methods to be chosen
out of several alternatives.
Is This Answer Correct ? | 23 Yes | 4 No |
Answer / ganesh
Accounting Standards are written policy documents issued by
experts accounting body or by govt. or by any other body
covering the aspects of recognition,measurement,
presentation & disclosure of accounting transaction in
financial statement.
aim at improving the quality of financial
reporting by promoting comparability, consistency &
Transparency.
Is This Answer Correct ? | 24 Yes | 8 No |
Answer / sultan singh rathore
a selected set of accounting policies or board guidelines
regarding the principal and method to be chosen out of
several alternatives this are laid by icai there are 29
accounting standards
Is This Answer Correct ? | 39 Yes | 26 No |
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