Accounting Standard for Local Bodies (ASLB) 20, ‘Related Party Disclosures’Accounting Standard for Local Bodies (ASLB) 2, ‘Cash Flow Statements’Preface to the Accounting standard for Local BodiesAccounting Standard for Local Bodies (ASLB) 1, ‘Presentation of Financial Statements’Accounting Standards for Local Bodies (ASLB) 3, ‘Accounting…
Golden Rules of Accounting Sl. No. Name of Account Debit Aspect Credit Aspect 1 Personal Account The Receiver The Giver 2 Real Account What Comes In What Goes Out 3 Nominal Account All Expenses All Incomes If there is an…
Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. which is a committee under…