Question
As per Schedule III of the Companies Act, 2013, the
current maturities of long term debt have to be shown under which of the following heading?Solution
As per Amendment notification to Schedule III of Companies Act, 2013, applicable from April 01, 2021, the current maturities of long term borrowings shall be disclosed separately under short term borrowings. The Current maturities of finance lease obligations continue to be disclosed under other current liabilities.
Advance amount received from customers is not considered as sale. It is based on which concept?
Which report is issued after completion of statutory audit of a PSU?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
The coefficient of correlation takes the value in which of the following ranges?
Which of the following is shown under investing activities in the cash flow statement ?
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Which accounting standard provides guidance on how to account for foreign currency transactions and the effects of changes in foreign exchange rates on...
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
Under Ind AS 116, which of the following is true for lessees?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing inventory of the previous year. I...
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