Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting standard?
- 58 Answers
- 107141 Views
- ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH, I also Faced
- E-Mail Answers
Answer Posted / shabbar luqmani
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. These
guidelines are generally called accounting policies. The
intricacies of accounting policies permitted Companies to
alter their accounting principles for their benefit. This
made it impossible to make comparisons. In order to avoid
the above and to have a harmonised accounting principle,
Standards needed to be set by recognised accounting bodies.
This paved the way for Accounting Standards to come into
existence.
Accounting Standards in India are issued By the Institute of
Chartered Accountanst of India (ICAI). At present there are
30 Accounting Standards issued by ICAI.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
to attend interview for real estate company accounts
what are the financial ratios that a manager see in accounting?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
what is difference between account and accounting
why are you selecting for the profitbulity analysis costing based& active based
What is combination?
what are the rules and regulations of junior accountant
what is the step in preparing the schedule of audit? can someone explain for me?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
plz tell me short cut method in maths for clerck post in bank
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
I need all WNS interview questions
