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Question
Accounting Standard Board was set up by __________.
Accounting Standard Board was set up by __________.
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Solution
The correct option is A Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI)
constituted the Accounting Standards Board (ASB) on 21st April, 1977 ) to
harmonise the diverse accounting policies and practices in use in India. ASB of
the ICAI has been issuing accounting standards.
Since then, it has issued 32
Accounting Standards.
The Institute of Chartered Accountants of India (ICAI) constituted the Accounting Standards Board (ASB) on 21st April, 1977 ) to harmonise the diverse accounting policies and practices in use in India. ASB of the ICAI has been issuing accounting standards.
Since then, it has issued 32 Accounting Standards.
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