20 December 2011
1.The Institute of Cost and Works Accountants of India. 2.Institute of The Institute of Chartered Accountants of India I think you can differentiate 3.ICWAI/ICAI are acronyms 4.An acronym is often considered to be a type of abbreviation. Generally, if an abbreviation is pronounced as a word rather than as the letters individually, it is considered an acronym. Often the distinction isn't always made between acronyms and abbreviations, especially when the abbreviation is more widely known than what it stands for, such as "PVC" (polyvinyl chloride) and "ATM" (automated teller machine).
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