Which of the following Accounting Standard was subsequently withdrawn by ICAI?

12

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8

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23

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18

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Solution

The correct option is B AS $8$
AS 8 was subsequently withdrawn by ICAI.

Suggest Corrections

Similar questions

Rectify the following errors.

(i) Cash received from Rajat Rs. 5,000 was posted to the debit of Kamal as Rs. 6,000.

(ii) Salary paid to an employee Rs. 2,000 was debited to his personal account as Rs. 1,200.

(iii) Goods withdrawn by proprietor for personal use Rs. 1,000 were credited to sales account as Rs. 1,600.

(iv) Depreciation provided on machinery Rs. 3,000 was posted to machinery account as Rs. 300.

(v) Sale of old car for Rs. 10,000 was credited to sales account as Rs. 6,000.

Explain Accounting Standards (AS) briefly.

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