Which of the following Accounting standards is recommendatory and not mandatory?

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VideRime Staff asked 3 years ago
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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  (Ans)

d) AS-4- Contingencies and Events occurring after the Balance Sheet Date