Question
In which situation flow of funds does not
happen?Solution
In accounting, the flow of funds typically occurs between items of the same nature. Current assets and non-current assets are different categories, so the flow of funds does not happen between them. The same principle applies to other options as well. For instance, the flow of funds happens between current assets and current liabilities (a), between non-current liabilities and non-current assets (c), and between current liabilities and current assets (d).
Which ICDS deals with Accounting Policies?
Match the following Auditing and Assurance Standards (AAS) with their titles.
Goods worth Rs.100,000 taken by the owner for his personal use should be credited to:
The first auditor of a company (other than government company) is appointed by the ______ within ______ of registration of the company by passing a vali...
………… of CGST Act, 2017 lists down the activities which shall be treated neither as supply of goods nor as supply of services. Â
...Which act primarily governs the field of general insurance in India?
Which of the following is not a member ministry in the National Board for MSMEs?
What is the maximum limit of gratuity payable, under the Payment of Gratuity Act, 1972?
ICDS III deals with which of the following:Â
Which of the following is an example of capital expenditure?
