Answer / rohit garg

Accounting Standards are the principal that we can measure
company,s position without accounting standard we can,t
prepared company,s account.

Answer / abdul qader

Accounting standerd is specific rules and regulation which
is determind by financial standerd accounting board

Answer / sreedevi

WITH THE HELP OF ACCOUTING STANDARDS ONLY WE CAN TREAT ALL
THE FINANCIAL TRANSACTIONS. AS PER MY KNOWLEDGE THERE ARE
24 ACCOUNTING STANDARDS.

Answer / puneet sood

AS are standards of accounting

Answer / hashim

In order for balance sheets and profit and loss accounts to
make sense users who rely on them for their decision making
purposes, there has to be consistency in the way items are
treated in the financial statements. Without this agreement
it would be impossible to use them to compare business
performence.Limited companies have a statutory duty to
comply with these rules and it is the job of the qualified
auditor to check this compliance.Partnerships and sole
traders are also often bound by these rules because of
professional or trade association standards or because of
the conditions attached to loans.

Answer / umesh tayal

Accounting standard are make by ICAI. They are fourteen.
Every decisions or entry take by in this.

Answer / kanika

Some accounting standards are:
1. Seperate entity
2. Dual entry
3. Going concern
4. Accounting period
5. monetary measurement
6. cost concept i.e. recording assets on purchase price not
on market value
7. Revenue recognition i.e. entry of a tranaction in books
at the time of accrual not at time of payment or receiving
8. matching methood, Bifurcation of items as direct on
indirect between trading & p&L a/c
9. Accrual concept
10. consistency in using the rules & methoods of accounting

Answer / ravi

acounting standards are the standards which were given by
the a/cing standard board presently there are 33 a/cing
standards

Define Capital Expenditure

2 Answers  

what is repo rate?

147 Answers   Accenture, Alstom, Birla Sun Life, Capital IQ, Corporation Bank, Dena Bank, Ernst Young, ICICI, Ing Vysya Bank, MBA, Morgan Stanley, Nabard, RBI, Sanat, Siemens, State Bank Of India SBI, TATA, UPSC,

Can u please give me example of bonds? is National savings certificate a Bond?

0 Answers  

How does a company earns profits?

0 Answers   BA Continnum Solutions,

Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.

1 Answers  

Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)

5 Answers   Capital IQ, HP,

Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three

1 Answers   Dubai Group,

Expand---------MRTD

1 Answers  

Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

0 Answers   Idbi Bank,

what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail?

20 Answers   Bank Of America, GE, Genpact, HCL, ICICI, Oxygen,

explain the matching concept and what is the deffered revenue expendiature and how it related into matching concept.

1 Answers  

what is the meaning of service tax?

9 Answers   iN Technologies,