BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IFRS stands for
A
International Financial Reporting Standards
B
Indian Financial Rating Standards
C
International Financial Rating Standards
D
Indian Functional Reporting Standards
Explanation: 

Detailed explanation-1: -International Financial Reporting Standards (IFRS) are a set of accounting standards that govern how particular types of transactions and events should be reported in financial statements. They were developed and are maintained by the International Accounting Standards Board (IASB).

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