What is the difference between Indian GAAP and Accounting
Standards.
- 2 Answers
- 15075 Views
- College School Exams Tests, Goldman Sachs, I also Faced
- E-Mail Answers
Answer Posted / m.kishore kumar
GAAP Stands for Generally Accepted Accounting Principles.
Accounting Standardards are issued by the Institute of
Chartered Accountants of India (ICAI). This is the largest
accounting body in the country. Now the Accounting
Standards are 29.Accounting Standards are prepared by
export persons.Generally Accepted Accounting Principles
means just like Accounting Concept which means every person
can accept this principles.
| Is This Answer Correct ? | 43 Yes | 17 No |
Post New Answer View All Answers
WE HAVE SOLD GOODS ON 20.09.2010 TO X AND IT HAS BEEN RECODED BY X IN HIS BOOKS ON 08.10.2010 ACCORDINGLY X HAS ISSUED FORM C IN THE QR.OCT-DEC IS IT ALLOWABLE UNDER CST ACT.
What's SLR?
What in external debt economy?
Explain debt equity ratio. What are its components? What does it indicate?
In case if someone forgets his id and password, what to do?
How can you copy text from Tally
What is appreciation and depreciation of currency?
What is the difference between difference between fiscal and monetary policy?
What is the main purpose of UNESCO and UNICEF?
What do you mean by innovation?
What should I do if I do not have all the documents?
Where have you come from and what is famous in your city?
why wns
Which system eliminates the physical movement of cheques and provides the efficient method for cheque clearing?
What is 'interest tax'?
