Multiple choice

Accounting Standards Board of India was established in the year:

  1. 1970

  2. 1972

  3. 1973

  4. 1977

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

The Accounting Standards Board of India (ASB) was established by the Institute of Chartered Accountants of India (ICAI) in 1977 to formulate accounting standards and recommend them to the government.