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Accounting Standard Quiz

The Institute of Chartered Accountants of India was established in the year

Which of the following Accounting Standards relates to accounting for fixed assets ?

The Generally Accepted Accounting Principles (GAAP) aim at

Personal Account relates to

Outstanding Wages is

Accounting is?

Accounting Standard Board issuing Accounting Standards in India belongs to

Which of the following statements is true ?

Revenue is realized

The cost of erection of an old machine will be posted in the credit side of