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    Question

    Accounting standards in India issued

    by:
    A ICAI Correct Answer Incorrect Answer
    B INDIAN ACCOUNTING ASSOCIATION Correct Answer Incorrect Answer
    C IFCI Correct Answer Incorrect Answer
    D IIFCL Correct Answer Incorrect Answer
    E NFRA Correct Answer Incorrect Answer

    Solution

    The accounting standards in India are issued by the Institute of Chartered Accountants of India (ICAI). ICAI is a statutory body established by an Act of Parliament and is responsible for regulating the profession of chartered accountancy in India. It sets and issues accounting standards known as the Indian Accounting Standards (Ind AS) in accordance with the provisions of the Companies Act, 2013.

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