Question
Which of the following risk assessment measures is
required by Regulated Entities (REs) for monitoring and managing money laundering (ML) and terrorist financing (TF) risks?Solution
REs are mandated to implement a Risk-Based Approach (RBA) to identify, assess, and manage ML and TF risks effectively. This involves evaluating risks associated with different customers, products, and geographical areas.
A company measures its financial asset at amortised cost. It earns fixed interest and has no intention to sell before maturity. Which Ind AS permits thi...
The net profit as per cost accounts is ₹2,00,000, but financial accounts show ₹1,80,000. Upon examination, over-absorption of overheads by ₹20,000...
A company pays insurance premium of ₹24,000 for 12 months in advance in March 2025 for the period January 2025 to December 2025. The accountant record...
Which of the following directors is NOT appointed by the Board of Directors?
_______ is a statement of an estimated performance to be achieved in given time, expressed in currency value or quantity or both.
Consider the following information.
What will be the ...
Section 24(b) of the Income Tax Act refers to:
Which of the following accounts in insurance company reportingtracks the revenue and expenses related to policyholders?
Depreciation is appearing in the 'Trial Balance' of a firm. At the time of preparing 'Annual Accounts', it should be shown in:
Interest payable u/s 234C is computed at