MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Consistency Concept

Accounting St...

Question

Accounting Standard Board (ASB) was set up in

A

1979

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

B

1977

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

C

1980

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

D

1987

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

Open in App

Solution

The correct option is B 1977
Accounting standard board set on 1977 with the purpose to bring harmorize the diverse accounting policies and practice prevalent in our country.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Accounting Standard Board was set up by __________.

Q. Accounting standard set by Accounting Standard Board in India are ________.

Q. Accounting Standards Board of India was established in the year ______.

Q. The board of financial supervision was set up in ________.

Q. A Central board of workers education was set up in _________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

GAAP and Basic Accounting Concepts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Consistency Concept

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon