what are the accounting standards prevailed now in India.
Give a short description about each of them

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what are the accounting standards prevailed now in India. Give a short description about each of t..

Answer / soni

THERE WHERE AS PER ICAI THERE ARE 31 ACCOUNTING STANDARDS
THEY ARE DESCRIBE SEPRATELY

Is This Answer Correct ?    0 Yes 2 No

what are the accounting standards prevailed now in India. Give a short description about each of t..

Answer / bala

Accounting standards are being established both at national
and international levels. But the variety of accounting
standards and principles among the nations of the world has
been a sustainable problem for globalizing the business
environment.

* There are several standard setting bodies and
organizations that are now actively involved in the process
of harmonization of accounting practices. The most
remarkable phenomenon in the sphere of promoting global
harmonization process in accounting is the emergence of
international accounting standards.

Is This Answer Correct ?    1 Yes 4 No

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