What do you mean by ASB?
A) Accounting Security Board
B) Accounting Standard Board
C) Accounting Standardization Board
D) None of these
Correct Answer:
Verified
Q2: IASB was established in the year….
A)1999
B)1977
C)1972
D)2001
Q3: FASB is based in… ………….
A)London
B)Chennai
C)New York
D)Norwalk
Q4: …………….is the residual interest in the asset
Q5: ASB was set up in India on………………
A)21
Q6: Indian Accounting Standard 3 (AS3) deals with….
A)Amalgamation
B)Lease
C)Cash
Q7: Accounting profession of India is governed by………………….
A)ICAI
B)Ministry
Q8: Property, Plant and Equipment are defined as,
A)Tangible
Q9: An entity must measure its Property, Plant
Q10: Which method depreciation is most appropriate for
Q11: Which of the following asset is not
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