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what is accounting standard?
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Answer Posted / jagadish sahu
accounting standard is disclouser of accounting
policy,which is measure the position of company .
and he determine the rules of accounting daily transction .
he was shown the financial year,and his rules were apply
to all of accounting purposes.
some examples-
valution of inventory(as-2)
cash flow statement (as-3)
earning per share(as-20)
impairment of assets(as-28)
all the above example are shown accounting standard means
some disclouser of accounting rules which was related to
all accounting transction.
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