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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.
The concept of confidentiality shall extend to_____?
Which section delas with the establishment of Depositor Education and Awareness Fund by the RBI under the Banking Regulation Act, 1949?
As per the Insurance Act, 1938 an insurance company shall not be wound up voluntarily except _________________
In the case of a private company, ________________, shall be the quorum for a meeting of the company
The authority of a partner to bind the firm conferred by Section 19 of the Act is called:
Under the Arbitration and Conciliation Act, 1996, what is the primary purpose of arbitration?
Which of the following words were added to the Preamble by 42nd Amendment Act, 1976?
The goods which form subject matter of sale
As per the Companies Act persons not eligible for appointment as an auditor of a company are ___________
Which of the following penalty can be imposed for contravention of the provisions of FEMA?