Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting standard?
- 58 Answers
- 107340 Views
- ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH, I also Faced
- E-Mail Answers
Answer Posted / 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
| Is This Answer Correct ? | 45 Yes | 68 No |
Post New Answer View All Answers
Expand SCERT
How can we calculate the total income of the company.
Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...
what is cost accountinp
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
What Are The Characteristics Of Modern Accounting?
What is re-financing in Letter of Credit settlement
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
what is the reason for balance sheet not getting tallyed
what is forecast
What are the accounting conventions and Practices?
what is Sums on Finalization of Accounts?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
Mention some of the major contributions made by you in your present and previous jobs
