Diff between accounting principle,rule, standard
This query is : Resolved
01 August 2008
Dear all
What is difference between Accounting principle, Accounting policy & Accounting Standard? pl give me clear meaning
What is difference between Accounting principle, Accounting policy & Accounting Standard? pl give me clear meaning
01 August 2008
Principle- Generally Accepted norm, though not enforced statutorily.
Standard-Norm that is required of may or may not be statutorily enforced.
Rule-Statutory prescription
Standard-Norm that is required of may or may not be statutorily enforced.
Rule-Statutory prescription
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