what is accounting standard?
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Answer Posted / sreedevi
WITH THE HELP OF ACCOUTING STANDARDS ONLY WE CAN TREAT ALL
THE FINANCIAL TRANSACTIONS. AS PER MY KNOWLEDGE THERE ARE
24 ACCOUNTING STANDARDS.
| Is This Answer Correct ? | 22 Yes | 37 No |
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4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
