All India Bar Examination (AIBE) 8-VIII Previous Year Question Papers with Answers

Practice Mode:
62.

The Companies Act of 1956 accords recognition only to accounting standards whereas under Section 2(7) of the Companies Act of 2013 the recognition is accorded to both accounting and ----------- standards.

A: Financing
B: Auditing
C: Business
D: Responsibility

The answer is: B