what is the need for accounting standard?
Answer / dharmesh sati
Objective of Accounting Standards is to standarize the
diverse accounting policies and practices with a view to
eliminate to the extent possible the non-comparability of
financial statements and the reliability to the financial
statements.
The institute of Chatered Accountants of India, recognizing
the need to harmonize the diversre accounting policies and
practices, constituted at Accounting Standard Board (ASB)
on 21st April, 1977
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sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
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