Question

Convergence of Indian Accounting Standards with IFRS implies that
(A)
Indian Accounting Standards will be known as IFRS
(B)
IFRS will adopt Indian Accounting Standards
(C) Indian Accounting Standards I will be known as IFRS 1.
Lor Indian Accounting Standards will achieve harmony in relation to IFRS​

Answer 1

Answer:

Devabhuti

The last of the Shunga emperors was Devabhuti (83–73 BCE). He was assassinated by his minister (Vasudeva Kanva) and is said to have been overfond of the company of women. The Shunga dynasty was then replaced by the subsequent Kanvas. The Kanva dynasty succeeded the Shungas around 73 BCE.

Answer 2

Answer:

Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977.