A change in accounting policy is justified
(a) To comply with accounting standard.
(b) To ensure more appropriate presentation of the
financial statement of the
enterprise.
(c) To comply with law.
(d) All of the above.

Answer Posted / sandip

All of the above

Is This Answer Correct ?    38 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the different types of expenditures considered for the purpose of accounting?

638


Explain what is involved in the process of double-entry accounting?

1861


how to pass entry in tally Rs 50000 cheque paid to son by father

1128


PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN

2164


how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

1136






if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1475


What is use of statistics in accounting?

643


simply define shares and debentures

1093


What is a business transaction in accounting?

644


Journalise- opened a saving a/c with S.B.I. ?

1196


Define retail banking?

633


what is the accounting treatment in tally of free goods received with goods purchased.

6647


What is fbt (fringe benefit tax)?

662


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

1007


How do you handle rejection?

665