what is accounting standard?
Answer Posted / hussain
Accounting is the art of recording transactions in the best
manner possible, so as to enable the reader to arrive at
judgments/come to conclusions, and in this regard it is
utmost necessary that there are set guidelines.
Accounting helps to arrive at the financial position of an
organisation at any point of time. The organisation's
financial status, as on a particular date, is captured in
the balance sheet, while finanacial performance for the
year is summarised in a profit and loss statement.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.
plz send me the accounting questions and answers of bank of america.
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
bill to addres? ship to addres? rimit to address?
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
Mostly what type of manufactures are coming under TDS and basic rate for each category
EXPAND___________NPO
difference between office expense and miscelleanous expense with some examples
Define capital
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
What is mean by Reserve on Consolidation?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed