Accounting Standards in India, an Introduction – IPCC Group 1 (Paper 1)
Accounting Standards in short known as “ASs” are the Written Policy Documents issued by Expert Accounting Body(or), Government(or), Other Regulator Body And these Standards cover the aspects of recognition, measurement, presentation and disclosure of Accounting Transactions. The ostensible (clear) purpose of the Accounting Standards, set up by the Standards Setting Bodies, is to disseminate the […]