Which of the following accounting standards deals with "Net Profit or loss for the period, prior period items and changes in the Accounting Policies"?
The accounting standard that deals with "Net Profit or loss for the period, prior period items, and changes in the Accounting Policies" is: Accounting Standard 5 (AS 5) - "Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies" AS 5 provides guidance on the disclosure of net profit or loss for the reporting period, treatment of items related to prior accounting periods (prior period items), and the accounting treatment and disclosure of changes in accounting policies. It ensures consistency and comparability in financial reporting and helps users of financial statements in understanding the financial performance of an entity.
RBI recently came up with the latest iteration of its annual report on the financial performance- ‘Report on Trend and Progress of Banking in Indi...
Who among the following can join the National Pension System (NPS)?
Match the following:
Which of the pairs given above i...
When there is an official change in the exchange rate of domestic currency, then it is called:
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...
Any individual aged between 18 years to _________ years are eligible to apply for Pradhan Mantri Suraksha Bima Yojana.
Bank rate means?
Consider the following statement/s about Expansionary Monetary Policy:
I. An expansionary monetary policy is focused on increasing the money supp...
SMERA Limited, a popular body in the financial world, is a full service?
Atal Innovation Mission (AIM), NITI Aayog is Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the ...