Answer Posted / ram harsha

ACTUALLY ICIAI HAS ISSUED 32 ACCOUNTING STANDARDS.BUT AS-8
(R&D) HAS MERGED WITH AS-26(INTANGIBLE ASSETS).
HOW EVER PRSENTLY 29 ACCOUNTING STANDARDS HAS BEEN IN
PRACTISE.AND ALL THESE 29 STANDARDS SHOULD BE FOLLOWED BY
LEVEL-1 COMPANIES.
SO WE CAN SAY 29 STANDARDS HAVE BEEN IN PRACTISE AND TOTAL
NUMBER OF STANDRDS IS 31.........

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