Multiple choice

NACAS (National Advisory Committee on Accounting Standards) had been formed in India in the year

  1. 2008

  2. 2012

  3. 2007

  4. 2011

  5. 2006

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

NACAS (National Advisory Committee on Accounting Standards) had been formed in India on 07.12.2006. It was formed to give consultation to central government in prescribing the accounting standards for companies. The correct option is (5), i.e. 2006.