alleryStart learning →Ind AS are named and numbered in line with which standards?
AUK FRS
BIFRS
CUS GAAP
DSAP
Answer & Solution
Correct answer: B. IFRS
Ind AS follow the same naming and numbering as the International Financial Reporting Standards.
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Related questions
Before Ind AS, which accounting framework did Indian companies follow?Ind AS 107 deals with disclosures on which subject?Which standards for computing taxable income were notified in February 2015?Once a company follows Ind AS, can it revert to the old method?Mandatory Ind AS from April 2016 applied to net worth of at least?In which year was the Accounting Standards Board constituted?Cost 1,000; sale 1,150; replacement cost 1,100. Profit on replacement basis?Cumulative inflation of what level over three years may signal hyperinflation?