Accounting Standard-6 relating to depreciation is recommended for use companies___________________.

Listed on a recognised stock exchange

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Engaged in manufacturing business

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Engaged in manufacturing or trading business

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All types of business undertakings

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Solution

The correct option is A Listed on a recognised stock exchange
Accounting Standards issued by the Institute of Chartered Accountancy of India are issued for better presentation of books of account and to ensure that they show a true and fair view. They are recommended for the used by company listed on a recognised stock exchange.

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Which kind of business involves manufacturing and trade beyond the boundaries of one's own country?

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