Accounting Standards can override the statute. [June 2024, 2 Marks]
Options
A
B
C
D
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Accounting ProcessQuestion 4656 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Accounting Standards cannot override the statute as they are framed within the
statute.
UNIT – 1 to UNIT – 5 (BASIC ACCOUNTING PROCEDURES – JOURNAL ENTRIES / LEDGERS / TRIAL
BALANCE / SUBSIDIARY BOOKS / CASH BOOK)
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