what is accounting standard ?
Answers were Sorted based on User's Feedback
Answer / seema choudhari
Accounting Standards are written policy documents issued by
experts accounting bodies or by governement or other
regulatory bodies.
Accounting standards are those principles, concepts or
conventions which have been codiefied by the accounting and
auditing practice regulation authorities.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / santosh
Accounting standards are written documents, policy
documents issue by expert accounting body or government
covering the aspect of measurment, treatment, presentation
of accounting transaction in financial accounting.
| Is This Answer Correct ? | 1 Yes | 0 No |
capital expenditure , revenue expenditure
What is meant by defferred revenue expenditure
13 Answers Capital IQ, FactSet Systems, L&T, TCS, Xansa,
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
WHAT IS IFRS?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Expand BFSI
payroll calculation procedure explain completely?
Preliminary expense of company?
Answered but misspelled pl correct THE MINIMUM NUMBER OF SHARE HOLDERS IN A PUBLIC LTD CO. (ANS.NEVSE)
Where we show Credit Card Account ( Credit Balance ) in Balance Sheet?
define export sales contract. distinguish between export sales contract and domestic sales contract.
Restrictions or limitations of members in banking Firms -------other firms