Multiple choice

Accounting Standard Board was set up by the

  1. Government of India

  2. Institute of Chartered Accountants of India

  3. Institute of Cost and Work Accountants of India

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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

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