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Question
How many Accounting Standards have been issued in India so far?
How many Accounting Standards have been issued in India so far?
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Solution
The correct option is A 32
In India, Standards of Accounting is issued by the Institute of Chartered Accountants of India (ICAI).
The Council of the Institute of Chartered Accountants of India constituted Accounting Standards Board (ASB) on 21st April, 1977 recognising the need for Accounting Standards in India.
The Council of the Institute of Chartered Accountants of India has so far issued thirty two accounting standards.
In India, Standards of Accounting is issued by the Institute of Chartered Accountants of India (ICAI).
The Council of the Institute of Chartered Accountants of India constituted Accounting Standards Board (ASB) on 21st April, 1977 recognising the need for Accounting Standards in India.
The Council of the Institute of Chartered Accountants of India has so far issued thirty two accounting standards.
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