Question

Benefits of accounting standards in hindi language

Answer 1

accounting standards (AS) are basic policy documents. there main aim to ensure transparency, reliability, consistency, and comparability of the financial statements. they do so by standardizing accounting policies and principles of a national/economy. so the transaction of all companies will be recorded in a similar manner if they follow these accounting standards.

Answer 2

standard hone se har koi ek hi accounting treatment krta h same ya similar transaction ki.
e.g. ek company h jo gross sales likhti h profit n loss me, dusri h jo net sales likhti h. to ese m srf profit n loss account dekh kr nhi jan skte ki kiska turnover jyada h or kiska net profit ratio b.
ye standard srf isilie h taki jo financial reports hum users k lie bnate h wo baki companies k reports se comparable ho. srf isilie taki vo decisions le ske. like kis co. m invest krna h, konsi entity profitable h kon si nhi h. taki hum usme improvement kr ske uske business m.

ek or example jese, ek company ki bal sheet m fixed assets gross likhe h or accumulated dep liabilities side. dusri ki net fixed assets likhe h. to ese m jise in sb complex treatment jyada nhi pta unhe ye lgega ki phli co. jyada amir h. uspe jyada assets h to jyada kama skti h.

or b bht benefits h. bs ye hi basic h. sb entities ki reports ko comparable banana.

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