CameraIcon

SearchIcon

MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Significance of Financial Analysis

Accounting st...

Question

Accounting standards cover the aspects of ________ of accounting transactions in the financial statements.

A

Recognition

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Measurements

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Presentation and disclosure

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Any of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C Any of the above
Accounting standards cover the aspects of recognition, measurement and presentation and disclosure accounting transactions in the financial statements.

Suggest Corrections

thumbs-up

0

Similar questions

Accounting records business transactions and events which are of a financial nature.Is this a limitation of accounting?

Q. Accounting is an art of recording, ________ and ______ in terms of money, transactions and events of a financial character and interpreting the result thereof.

Q. Accounting is defined as "the __________ of recording, classifying and summarizing in terms of money transactions and events of a financial character and interpreting the results thereof".

Q. Accounting standards are issued for the purpose of :
(a) Improving dependability of financial statements
(b) Auditing work becomes easy task for the auditor
(c) Elimination of non-comparability between financial statements
The correct answer is :-

Q. Accounting is a process of recording, classifying, summarising, analysing and interpreting the financial transactions and communicating the result thereof to the users of such information. State whether the statement is true or false.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Significance of Financial Analysis

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon