applicability of accounting standards
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The heart is a muscular organ about the size of a fist, located just behind and slightly left of the breastbone. The heart pumps blood through the network of arteries and veins called the cardiovascular system.Suresh has taken a loan of ₹ 12500 at a rate of 12 p.c.p.a for 2 years. If the interest is compounded annually then how many rupees should he pay to clear is loan? *
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Accounting Standard Level I Level II
AS 2 Valuation of Inventories Yes Yes
AS 3 Cash Flow Statements Yes No
AS 4 Contingencies and Events Occurring After the Balance Sheet Date Yes Yes
AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies Yes Yes
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