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ID number:326309
Evaluation:
Published: 01.08.2005.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

This reading highlights various accounting standards and their compliance in the Indian banking system. These accounting standards rule the criteria for accounts measurement, where to a great extent, they created uniformity in reporting and analyzing with reasonable flexibility by considering various circumstances of different enterprises. The focus is on AS-5, AS-9, AS-15, AS-17, AS-18, AS-22, AS-23, AS-25 and AS-27.
Accounting has been defined in multivarious dimensions. The most lucid among them is "the art of recording, classifying and summarizing in a significant manner and in terms…

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