Interested to Buy Any Domain ? << Click Here >> for more details...
Which Accounting Standard deals with infltion? and how?
- 1 Answers
- 7234 Views
- Genpact, I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 5 Yes | 3 No |
Who maintains BRS (Bank Reconciliation Statement) ?
16 Answers BRS, Google, Shriram, Telstar,
How to Calculate HRA, CCA, PF, Transport allowances in Salary if i am getting Rs. 48000/- PM?
What is Cash Management System? What is advantages of using CMS Facility?
What is the Accountancy ? Give the Answer in one sentence.
What is audit,auditing?
Expand---------MRB
What is the Journal Entry for Prepaid Expenses and OutStanding Salary?
EXPAND_________SFIO
Expand---------DCAB
Eleven lakh eleven thousand eleven hundred eleven writing in number
what is the meaning of accountant,accounting & accountancy & account?
if jj form not cancelled within 1hour,wat to do
Audit 
