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easyMCQCUET Accountancy 2025 2 June Shift 22026CUET Accountancy
1 mark

Which Indian Accounting Standard (AS) governs the recognition and accounting treatment of Intangible Assets?

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

Solution & Step-by-step Explanation

AS-26 explicitly sets the accounting standard for identifying, measuring, and reporting Intangible Assets (such as Goodwill, Patents, and Trademarks) in corporate accounts.

Practice this question

Try it yourself before checking the explanation above.

Which Indian Accounting Standard (AS) governs the recognition and accounting treatment of Intangible Assets?
A
AS-32
B
AS-25
C
AS-26
D
AS-01

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