Home › CBSE Class 11 (Commerce) › Accountancy › Theory Base of Accounting › Which body issues accounting standards in India?
Which body issues accounting standards in India?
APlanning body NITI Aayog
BReserve Bank of India
CElection Commission
DThe chartered body ICAI
Answer & Solution
Correct answer: D. The chartered body ICAI
Accounting standards are authoritative statements issued by the Institute of Chartered Accountants of India.
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