what is accounting standard?

Answer Posted / sashanka sekhar nayak

Accounting Standard with a bunch of Princples & Method
prepaired by Institute Of Chartted Accountants Of India for
better maintainance of accounts & day today operations &
also that is the limitations withen which we should work.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1990


Take me through the entire vendor cycle.

1521


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1480


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1661


what type of questions are asking for fund administration???

5043






EXPAND_________SEC

1792


If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1608


EXPAND___________NPO

1483


Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?

1609


what is tds rate of WCT applay for sale tax ragistard company.

2066


Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950

1921


Short Answer on __________Leverage

1604


Clasify capital

1548


What is the Purpose of Preparing Bank Reconciliation Statement?

1613


I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

1596