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AS 8 'Accounting for Research and Development' was withdrawn upon the issuance of which standard?
AAS 10
BAS 14
CAS 29
DAS 26 Intangible Assets
Answer & Solution
Correct answer: D. AS 26 Intangible Assets
1. Step 1: Per Ch 1, "AS 8 has been withdrawn consequent to the issuance of AS 26 on Intangible Assets".
2. Step 2: R&D treatment is covered within AS 26.
3. Step 3: Hence (C) is correct.
_Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_