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what is the mean of accounting standerds and what is it
and pls explean about this
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Answer Posted / ajeet rai
institute of Chatered Accountants of India IS prtovided
some policies, rules regulations and guidlines.in our india
every business entity must should be follow the rules
regulations and guidlines must.
we called thish rules regulations and
guidlines,is accounting standerds.
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Entrance Exam question & Answer required
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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