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Accounting standards list

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List of Mandatory Accounting Standards AS 1 Disclosure of Accounting Policies AS 2 Valuation of Inventories  (amended) * AS 3 Cash Flow Statements AS 4 Contingencies and Events Occurring after the Balance Sheet Date * AS 5 Net Profit or Loss for the period,Prior Period Items and Changes in Accounting Policies AS 6 Depreciation Accounting (withdrawn) * AS 7 Construction Contracts (revised 2002) AS 8 Accounting for Research and Development (withdrawn for AS 26) AS 9 Revenue Recognition AS 10 Accounting for Fixed Assets (amended) * AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003) ** AS 12 Accounting for Government Grants AS 13 Accounting for Investments (amended) * AS 14 Accounting for Amalgamations (amended) * AS 15 Employee Benefits (revised 2005) AS 16 Borrowing Costs AS 17 Segment Reporting AS 18 Related Party Disclosures AS 19 Leases AS 20 Earnings Per Share AS 21 Consolidated Financial Statements...
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Accounts

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Account is art of recording the bookkeeping in a particular manner. Accountancy art of summarising analysis and preparing the financial statement in a permanent manner. Booking keeping is a permanent record of all the transaction. Accounts required all over world, And "Tally ERP 9" is a base for transaction. Account content 3 Golden rules 1. Personal account (Debit Receiver, Credit Giver) 2. Real account (Cash comes in, Cash Goes Out) 3. Nominal account (Debit all expenses and loses, Credit all Income and Gain) Assets ; assets are located in debit side of balance sheet and its income to business. Liabilities : liabilities are located in credit side of balance sheet and its loss to business.
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