Saffron Public School
10. What is meant by accounting standards? Explain any two objectives of it. 11. Briefly explain your understanding of IND-AS. 12. What is the principle of Conservatism or Prudence? 13. Differentiate between cash basis and accrual basis of accounting. 14. Arun , a consultant, during the financial year 2015-2016 earned Rs.7,00,000. ................
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