(A) Natural resource
(B) Live Stock
(C) Forest and plantation produced
(D) All the three
Tag: Financial Accounting Mcq
In Indian Accounting Standards are mandatory for __.
(A) Corporate bodies
(B) Proprietorship concerns
(C) Co-operative societies
(D) All the three
IASB stands for __.
(A) International Accounting Standard Board
(B) Indian Accounting Standard Board
(C) Institution of Accounting School Board
(D) None
AS __ replaced AS 8?
(A) 29
(B) 30
(C) 28
(D) 26
So far __ AS have been issued by IASB.
(A) 40
(B) 42
(C) 39
(D) 41
The Accounting Standards are issued for the purpose of __.
(A) For improving the reliability of financial statements
(B) Harmonizing accounting policies
(C) Elimination of non-comparability between financial statements
(D) All the three
Which of the following bodies is presented in ASB?
(A) CBI
(B) CAG
(C) RBI
(D) Trade union
Professional bodies of how many countries founded IASC in 1973?
(A) 8
(B) 9
(C) 7
(D) 10