The Accounting Standards Board was established in India by
A) Ministry of Corporate Affairs
B) Institute of Chartered Accountant of India
C) International Accounting Standards Committee
D) none
Correct Answer:
Verified
Q14: Assets are usually valued under which basis?
A)Replacement
Q15: In India, a company can keep its
Q16: The comparison of the results of one
Q17: According to this convention, important items must
Q18: XYZ Ltd. follows the written down value
Q20: The total number of accounting standards issued
Q21: The Convention of Conservatism takes into account
A)All
Q22: According to the money measurement concept, the
Q23: Double Entry System was introduced in-
A)America
B)Japan
C)India
D)Italy
Q24: The International Accounting Standards Committee was set
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