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 AS – 8 on Accounting for Research and Development: 
  • a)
    Is replaced by AS – 26
  • b)
    Is applicable only to listed companies 
  • c)
    Is mandatory for Research Institutions 
  • d)
    Is still in use. 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
AS – 8 on Accounting for Research and Development:a)Is replaced ...
 AS- 8 on Accounting for Research and Development was withdrawn w.e.f. 1st April 2003 and on and from that date AS- 26 on Intangible Assets become mandatory. Therefore AS- 8 was replaced by AS- 26.
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AS – 8 on Accounting for Research and Development:a)Is replaced ...
AS can refer to different things depending on the context:

1. Abbreviation for "American Samoa"
2. Abbreviation for "asbestos"
3. Abbreviation for "assistant"
4. Abbreviation for "as soon as"
5. Abbreviation for "Autonomous System" (in computer networking)
6. Abbreviation for "Alzheimer's Society" (a charity organization in the UK)
7. Abbreviation for "Anno Satanae" (Latin for "in the year of Satan")
8. Abbreviation for "Arts and Sciences" (in academic contexts)
9. Abbreviation for "Advanced Standing" (in educational contexts)
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AS – 8 on Accounting for Research and Development:a)Is replaced by AS – 26b)Is applicable only to listed companiesc)Is mandatory for Research Institutionsd)Is still in use.Correct answer is option 'A'. Can you explain this answer?
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