accounting standards and accounting concepts
This query is : Resolved
Aspy M. R. Dadabhoy
(Querist)
09 May 2008
hello....
i would like to know the difference between accounting standards and accounting concepts
i would like to know the difference between accounting standards and accounting concepts
MANAS ROUT
(Expert)
10 May 2008
STANDARD MEANS THE STANDARDS PRESCRIBED BY ICAI
ACCOUNTING CONCEPT MEANS ITS A PART OF ACCOUNTING PRINCIPLES.
ACCOUNTING PRINCIPLES INCLUDES BOTH ACCOUNTNG CONCEPTS AND ACCOUNTING CONVENTION.
ACCOUNTING CONCEPT MEANS ITS A PART OF ACCOUNTING PRINCIPLES.
ACCOUNTING PRINCIPLES INCLUDES BOTH ACCOUNTNG CONCEPTS AND ACCOUNTING CONVENTION.
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