Venkkatesh K Uncategorized Accounting, CA Material, IPCC Group 1 - Paper 1, IPCC Material, technical-guide-of-income-tax-filing 1
ICAI, the premier (most important) accounting body in India, has constituted the Accounting Standards Board(ASB) in 1977. Accounting Standard Setting and Issuing procedure is initiated by the ICAI and it is fully Consultative (Advising) and Transparent In the Standard Setting process ASB will consider the following International Standards while drafting the Standard. International Accounting Standards […]
Venkkatesh K Uncategorized Accounting, CA Material, IPCC Group 1 - Paper 1, IPCC Material, technical-guide-of-income-tax-filing 0
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 […]