Scheduled commercial banks excluding regional rural banks, are required to apply Indian Accounting Standards (Ind ASs) for preparing their financial statements for the period ending beginning on or after:

CS Executive · Corporate and Management Accounting · PYQS · December 2022
Scheduled commercial banks excluding regional rural banks, are required to apply Indian Accounting Standards (Ind ASs) for preparing their financial statements for the period ending beginning on or after:
(A) 1 April, 2016
(B) 1 April, 2017
(C) 1 April, 2018
(D) 1 April, 2019

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Accounting Standards

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic