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how many accounting standards in india
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Answer / pratik
there are actually 32 accounting standard bt now as8 is
become redundant
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / rdiyewar
19 accountant statdard in India of folowing :-
AS-1 DISCLOSURE OF ACCOUNTING POLICIES
AS-2 VALUATION OF INVENTORIES
AS-3 CASH FLOW STATEMENTS
AS-4 CONTINGENCIES AND EVENTS OCCURING AFTER
BALANCE SHEET DATE
AS-5 NET PROFIT OR LOSS FOR THE PERIOD,PRIOR
PERIOD AND CHANGES IN ACCOUNTING
ESTIMATES
AS-6 DEPRICIATION ACCOUNTING
AS-7 ACCOUNTING FOR CONSTRUCTION
CONTRACTS
AS-8 ACCOUNTING FOR RESEARCH AND
DEVELOPMENT
AS-9 REVENUE RECOGNITION
AS-10 ACCOUNTING FOR FIXED ASSETS
AS-11 ACCOUNTING FOR EFFECTS OF CHANGES IN FOREIGN
EXCHANGE RATES
AS-12 ACCOUNTING FOR GOVERNMENT GRANTS
AS-13 ACCOUNTING FOR INVESTMENTS
AS-14 ACCOUNTING FOR AMALGAMATIONS
AS-15 ACCOUNTING FOR RETIREMENT BENEFITS IN THE
FINANCIAL STATEMENTS OF EMPLOYERS
AS-16 ACCOUNTING FOR BORROWING COSTS
AS-17 SEGMENTAL REPORTING
AS-18 RELATED PARTY DISCLOSURES
AS-19 LEASES
| Is This Answer Correct ? | 8 Yes | 9 No |
Answer / kamini
There are 33 accounting standards of which 32 are applicable as per the guidelines of ICAI.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / rajesh parmar
there are 32 accounting standards in india by indian
chartered accountantant institute
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / nutan gonehalli
At present there are 30 Accounting Standard published by
ICAI.
| Is This Answer Correct ? | 5 Yes | 8 No |
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Explain the effect of closing stock on gross profit and net profit. comment on the financial health of their business.
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