Accounting principles are generally based upon:

Related MCQs

• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Under Ind AS 16, which two subsequent accounting treatments are allowed subsequently to initial recognition?
• After convergence of Indian accounting standards with IFRS, new standard issued for preparing the cash flow statement is:
• Which of the following is the starting point for an entity accounting in accordance with IFRSs?
• Accounting in India is governed by the
• The convergence of the Indian Accounting Standards with IFRS began in
• Accounting for amalgamation is given in….
• ------ represents that part of discount received during the year by a bank which relates to the next accounting year.