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Significance of Financial Analysis

Accounting St...

Question

Accounting Standards issued by the Institute of Chartered Accountants of India are mandatory to which of the following _______________.

A

Sole proprietor

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B

Partnership firm

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C

Corporate body

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D

All the three

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Solution

The correct option is C Corporate body
The Institute of Chartered Accountants of India has formed Accounting Standards which are mandatory for all the body corporate.

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