Accounting Standards is an authoritative pronouncement of code of practice of the regulatory accountancy body to be observed and applied in the preparation and presentation of financial statements. These standards are intended to apply only to material items.
This book on Indian Accounting Standards has been prepared for students preparing for the examinations of the Institute of Chartered Accountants of India (ICAI), Institute of Cost and Works Accountants of India (ICWA), Institute of Company Secretaries of India (ICS) and B.Com. and M.Com. courses of all Indian Universities. The book attempts to explain and illustrate in the simplest language all the Accounting Standards.