Multiple choice

Accounting standards are written policy documents issued by

  1. SEBI

  2. Body of Individuals

  3. FEMA

  4. Expert Accounting Body
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Accounting Standards are written policy documents issued by expert accounting body or by government or regulatory body covering the aspects of recognition, treatment, measurement, presentation and disclosure of accounting transaction and events in the financial statements.

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