List of indian accounting standards in hindi with explanation
Answers
Explanation:
Simple Explanation- (As 1 to as 12)
After becoming Indian Accounting standard board as the prime authority for making Indian Accounting Standard in 1977, it made Indian Accounting Standards in 1979. These are also called Indian GAAP. This board also made many amendments in these Accounting standards. I have already made AS 1 to AS 32 content list in General Accepted accounting principles (GAAP) article. But I could not write its simple explain. So, today, this tutorial is just simple explanation of Accounting Standard especially for students who are doing chartered Accountancy in India and accountants who is practising accounting profession in India.
- Accounting Standard 1 (AS 1): (Disclosure of accounting policies)
2.Accounting Standard 2 (AS 2): (Valuation of Inventories)
3. Accounting Standard 3 (AS 3): (Cash flow statement)
4. Accounting standard 4 (AS 4): (Contingencies and events occurring after the balance sheet date)
5. Accounting standard 5 (AS 5): Profit or loss for the period prior of changing accounting policies. ICAI's this standard explains two simple rules:
6. Accounting standard 6 (AS 6): Accounting of Depreciation Accounting standard 6 explains rules and regulations regarding charging of depreciation on any fixed asset. These rules can be explained in following way.
7. Accounting standard 7 (AS 7): Accounting of construction contracts Construction contracts are those contracts relating to build of dam, building, pipelines, ships and other fixed assets.
8. Accounting standard 8 (AS 8): (Accounting for research and development):
9. Accounting Standard 9 (AS 9): Revenue recognition:
10. Accounting Standard 10 (AS 10): (Accounting of fixed assets):
11. Accounting standard 11 (AS 11): Effect of changes of foreign exchange rates. .
12. Accounting standard 12 (AS 12): (Accounting treatment of Govt. Grants)