Question

what does accounting standard 10 stands for​

Answer 1

Answer:

. The objective of Accounting Standard (AS) 10 Property, Plant and Equipment is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about investment made by an enterprise in its property, plant and equipment and the changes in such investment. The principal issues in accounting for property, plant and equipment are the recognition of the assets, the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them.

Answer 2

Answer:

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Explanation:

Accounting Standard 10 deals with Property, Plant and Equipment (PPE). ... This is to enable the users of the financial statements to understand the investment made by the business entity in property, plant and equipment and the changes made therein.