Financial and Management Accounting

1: Which of the following Accounting standards is recommendatory and not mandatory?
A.

AS - 1 - Disclosure of accounting policies

B.

AS - 2 (Revised) - Valuation of inventories

C.

AS -3 - Cash Flow Statement

D.
AS - 4 - Contingencies and Events occurring after the Balance Sheet date
 

Answer : C

Explanation :

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Option: A

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