Key Difference between Indian accounting standards and international accounting standards is.. - In international accounting LIFO and extraordinary items are prohibited. - Accounts Receivables Interview Questions and Answers

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Question: Key Difference between Indian accounting standards and international accounting standards is..

Answer: In international accounting LIFO and extraordinary items are prohibited.

Category	Accounts Receivables Interview Questions & Answers - Exam Mode / Learning Mode
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Question: Key Difference between Indian accounting standards and international accounting standards is..

Answer:

In international accounting LIFO and extraordinary items are prohibited. Source: CoolInterview.com

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Latest 20 Questions

Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable

Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)

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An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer

Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above

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