Answer Posted / saikiran
GAAP is exceedingly useful because it attempts to standardize and regulate accounting definitions, assumptions, and methods. Because of generally accepted accounting principles we are able to assume that there is consistency from year to year in the methods used to prepare a company's financial statements. And although variations may exist, we can make reasonably confident conclusions when comparing one company to another, or comparing one company's financial statistics to the statistics for its industry.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
what is the system of accounting and banking in cooperative bank?
Why you want to leave your present job while they offer you with good offer?
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
Which document should be attached with purchse & sales invoice?
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
What is the GDP growth?
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
Whatis new GL & Odd G.L What is the difference between these two.
What's the meaning of Preferential Creditor?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
last date of tds deposit yearly,tds proforma challan
What exactly balance sheet depicts
