CBSE Class 11-commerce Answered
give example to show that international financial reporting standards is principle based.
Asked by Harjotkaur4m | 29 Feb, 2020, 10:14: PM
Expert Answer
IFRS stands for International Financial Reporting Standards established to have a single set of accounting standards which would help the investors to compare financial statements and the related information between different countries.
These standards do not show any detailed numerical standard or regulations. It only describes the broad accounting rules and therefore, such descriptions are called principle based standards.
Answered by Surabhi Gawade | 01 Mar, 2020, 12:11: AM
Application Videos
Concept Videos
CBSE 11-commerce - Accountancy Part I
Asked by sunilmadhe2005 | 05 Jan, 2022, 05:00: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by raveendranrishika | 10 Jun, 2020, 01:24: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by prashilanaik21 | 06 Mar, 2020, 01:37: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Harjotkaur4m | 29 Feb, 2020, 10:14: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by malavikavimal88 | 29 Feb, 2020, 09:10: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Kashishdhanani30 | 27 Feb, 2020, 02:37: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by diyamundra44 | 21 Feb, 2020, 03:46: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by sahilbajpai2001 | 11 Feb, 2020, 11:54: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Vanshohri968 | 07 Feb, 2020, 10:51: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Palashsaha411 | 20 Jan, 2020, 06:22: PM
ANSWERED BY EXPERT