Question
Who is responsible for ensuring compliance with the
obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence Unit - India (FIU-IND)?ÂSolution
The Designated Director is appointed by the RE to ensure compliance with the PML Act and report to FIU-IND. The Principal Officer handles monitoring and reporting transactions but cannot serve as the Designated Director.Â
Read the following information to answer the below questions:Â
A company reported a net profit of ₹10 lakh. During the year, depreciation was ₹4 lakh, accounts receivable increased by ₹2 lakh, inventory decrea...
ICDS IV primarily deals with which aspect of financial reporting.
Which of the following statements is true for cash basis accounting?
…………… is the % by how much % can the sales drop down before the organisation start making losses
ABC Ltd. incurs direct material cost ₹8,00,000, direct labour ₹5,00,000, and factory overheads 60% of direct labour. Administration overheads are �...
XYZ Ltd. incurred R&D expenses of ₹20 lakhs for developing a new product. The product has not yet reached the commercialisation stage. How should the ...
Which is a non-discounting capital budgeting technique?
A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
Average Inventory = ₹12,000. Closing Inventory is ₹3,000 more than Opening Inventory. The value of Closing Inventory is _____.
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