Accounting Standards
Commerce ⇒ Accountancy
Accounting Standards starts at 11 and continues till grade 12.
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A company changes its method of depreciation from Straight Line Method to Written Down Value Method. Which Accounting Standard requires disclosure of this change?
A company values its inventory at cost or net realisable value, whichever is lower. Which Accounting Standard is being followed?
Explain the difference between Accounting Standards and Accounting Policies.
Explain the process of formulation of Accounting Standards in India.
Explain the term 'Accounting Standard'.
Explain the term 'Disclosure' as used in Accounting Standards.
Explain the term 'Prudence' in accounting.
List any two fundamental accounting assumptions mentioned in AS 1.
State any one difference between Indian Accounting Standards (Ind AS) and Accounting Standards (AS).
State any one reason why Accounting Standards are revised from time to time.
State any two benefits of following Accounting Standards.
What is the full form of AS in the context of accounting?
What is the main objective of Accounting Standards?
