What are accounting standards?
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Answer / jyoti
Accounting standards are the accounting prinicles that is
prescribed by icai to be followed in prepration and
presentation of financial statments.
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Answer / kutti
accounting standards are nothing but a standard in which we
need to keep our books of accts, in order to maintain the
same steps all over the country. it is a standards which
are set out the CA's, accorind to which we need to
maintain our books of accts.
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