The Accounting Standards are issued for the purpose of —

Related MCQs

• Accounting standards issued by ICAI are mandatory in India. Sol:
• The total number of accounting standards issued by ICAI so far is
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• The international accounting standards committee was set up in -------------
• In Indian Accounting Standards are mandatory for —
• The Accounting Standards Board was established in India by
• The International Accounting Standards Committee was set up in —
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is