Economics · Accounting Principles
Indian Accounting Standards (Ind AS) are largely converged with which of the following?
- 1Government Accounting Rules (GAR)
- 2Cost Accounting Standards (CAS)
- 3International Financial Reporting Standards (IFRS)✓
- 4Generally Accepted Accounting Principles (GAAP) of India
Correct answer
International Financial Reporting Standards (IFRS)
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