Question

Accounting Standards in India are issued by ___________.

• A. Central Goovernment of India
• B. SEBI
• C. Institute of Chartered Accounts of India (ICAI)
• D. Reserve Bank of India (RBI)

Answer 1

The correct option is C Institute of Chartered Accounts of India (ICAI)

Accounting standards are issued by the Institute of chartered Accountants of India (ICAI). Accounting standards are a set of guidelines which are issued by the ICAI for better presentation pf financial accounts and to ensure that they show a true and fair view.