are set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards.

CS Executive · Corporate and Management Accounting · PYQS · December 2020
are set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards.
(A) International Accounting Standards
(B) Indian Accounting Standard
(C) Indian Auditing Standard
(D) International Auditing Standards

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

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