Start learning →

Before Ind AS, Indian companies followed which accounting framework?

AUS GAAP rules
BIGAAP framework
CIFRS framework
DCash basis rules
Answer & Solution
Correct answer: B. IGAAP framework
Indian Generally Accepted Accounting Principles were followed before Ind AS adoption.
Practise this question with Quill — CA Inter →

Keep practising Applicability of Accounting Standards to Various Entities

Browse all Applicability of Accounting Standards to Various Entities questions for CA Inter, or explore more Accounting topics.

Start a Applicability of Accounting Standards to Various Entities lesson →
Related questions
Under Rule 4, Ind AS binds companies in preparing statements and auditors in what?A small associate of a first-phase company must apply Ind AS from?A company in the process of listing has net worth of Rs 600 crore. Ind AS from?An unlisted entity with the minimum Rs 250 crore net worth begins Ind AS on?At precisely Rs 500 crore net worth, an unlisted entity adopts Ind AS beginning when?ICAI, which houses the Accounting Standards Board, was formed under what?The ICDS notified in February 2015 relate to what?The Accounting Standards Board is a committee under which body?