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Question

In the financial term IFRS, what does the letter ‘R’ denote?


A

Recovery

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B

Research

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C

Reporting

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D

Rupees

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E

Real Estate

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Solution

The correct option is C

Reporting


International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB).


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