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what is accounting standard?
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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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