what is accounting standard?

Answer Posted / utkal

Accounting standards are the guideline given by GAAP
(generally accepted accounting principles) which is an
american association who gave the fundamental basis of how
to prepare financial statement of the companies.

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is ledger account

1618


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1711


What is the difference between Risk, Threat & Hazard?

1490


What is written off?

1661


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

1546






please provide wct retun guide line how can prepaire that

1912


What are the benefits ofparticipation in a depository?

2019


How exchange rates are maintained in sap

1471


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1634


About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?

1565


In SAP FICO How many ways we are Procuring the assets in the Company?

2167


Define Bill of Exchange

1561


Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com

1795


explain about mergers & aquisitions? asked on 30/7/09

1550


in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2102