In India the accounting standard board was set up in the year ........

General Accounting Principles Concepts of Accounting

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In India, the accounting standard board was set up in the year-

1972

1977

1956

1932

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Explanation:

Answer: (b) 1977
Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977.

By: NIHARIKA WALIA

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PRADEEPTA KUMAR MISHRA

Please recheck your explanation.Ind-AS is the accounting stanndarad converged with latest IFRS standard. Prior to that there was only Accounting Standard i.e. AS. Revalidate the explanation.

NIHARIKA WALIA

The question relates to the board. The details regarding accounting is just additional