Accounting standards issued by ICAI are mandatory in India. Sol:

Related MCQs

• The total number of accounting standards issued by ICAI so far is
• In Indian Accounting Standards are mandatory for —
• The Accounting Standards are issued for the purpose of —
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• The Accounting Standards Board was established in India by
• Accounting standard in India are issued by
• The international accounting standards committee was set up in -------------
• The International Accounting Standards Committee was set up in —
• What are the features of a computerized accounting system? Sol: