Multiple choice

Accounting Standards in India are issued by

  1. central government

  2. state Government

  3. ICAI

  4. RBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Institute of Chartered Accountants of India (ICAI) is the regulatory body responsible for issuing Accounting Standards in India. These standards provide guidelines for uniform accounting practices and ensure consistency and comparability in financial reporting.

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