Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting standard?
- 58 Answers
- 108804 Views
- ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH, I also Faced
- E-Mail Answers
Answer Posted / ketan singh
IN THE DAY TO DAY LIFE THERE ARE MANY KIND OF TRANSACTIONS TAKING PLACE AND EACH OF THESE TRANSACTIONS HAVE A DOUBLE ENTRY IN THE BOOKS OF ACCOUNTS.IN ACCOUNTS THERE ARE MANY WAYS THROUGH WHICH THESE CAN BE TREATED EG. SOME MAY CONSIDER THE VALUE OF A PARTICULAR MACHINE ON MARKET VALUE INSTEAD TAKING IT BOOK VALUE WHICH MAY SHOW THE PROFITS HIGHER ETC.THE ACCOUNTING STANDARDS ARE A SET OF GUIDELINES AND RULES FOLLOWED BY THE ACCOUNTANTS OF A COUNTRY TO BRING PARITY IN THE ACCOUNTS OF A FIRM TO BE ESTIMATED PROPERLY.
THESE ACCOUNTING STANDARDS VARY FROM A BIT FROM COUNTRY TO COUNTRY .
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
define drawer or maker
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
Distinguish capital and Revenue receipts
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
what are the importance accounting entries for AP and AR process in interview..
What is cash clearing account
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
What does my credit score mean?
explain the financialand economic meaning of investment?
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
why do u want to join bpo sector
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
DEfine SAP
whts is the meaning of over cost and under cost, what is difference ?
