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.
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?
Accounting Standard 3 deals with which of the following? (1) Cash Flow Statements (2) Depreciation (3) Revenue Recognition (4) Construction Contracts
Which Accounting Standard deals with 'Accounting for Investments'? (1) AS 11 (2) AS 12 (3) AS 13 (4) AS 14
Which Accounting Standard deals with 'Construction Contracts'? (1) AS 7 (2) AS 8 (3) AS 9 (4) AS 10
Which Accounting Standard deals with 'Contingencies and Events Occurring After the Balance Sheet Date'? (1) AS 2 (2) AS 4 (3) AS 6 (4) AS 8
Fill in the blank: Accounting Standard _______ deals with 'Disclosure of Accounting Policies'.
Fill in the blank: AS 10 deals with 'Property, Plant and _______'.
Fill in the blank: AS 12 deals with 'Accounting for _______ Grants'.
Fill in the blank: AS 14 deals with 'Accounting for _______'.
Accounting Standards are mandatory for all companies in India. True or False?
Are Accounting Standards legally enforceable in India? Yes or No.
State whether the following statement is True or False: 'Accounting Standards are applicable only to listed companies.'
State whether the following statement is True or False: 'Accounting Standards are only applicable to companies and not to partnership firms.'
