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easyMCQCUET Accountancy 2025 22 May Shift 12026Accountancy
1 mark

Which accounting standard is applicable for recognizing intangible assets?

  1. A
    AS-32
  2. B
    AS-25
  3. C
    AS-26
  4. D
    AS-01

Solution & Step-by-step Explanation

In Indian accounting, Accounting Standard 26 (AS-26) prescribes the accounting treatment, recognition criteria, and amortization principles specifically for Intangible Assets.

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Which accounting standard is applicable for recognizing intangible assets?
A
AS-32
B
AS-25
C
AS-26
D
AS-01

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