Question
What is the smallest unit of data in a
computer?Solution
Explanation: A bit (binary digit) is the smallest unit of data in computing, representing a 0 or a 1. 8 bits make a byte
What should be the correct Journal Entry for booking premium income in case of Incoming coinsurance:
According to Companies Act 2013, the first annual general meeting should be held within a period of ________ from the date of closing of the first finan...
Which of the following will be the journal entry for Credit Sales under Self-Balancing Entry?
Which of the following statements is true for the Payback Period method?
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
The most difficult type of misstatement to detect fraud is based on __________.
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
Ind AS 7 deals with which of the following:
Given the Balance Sheet: Equity ₹200 lakh; Long-term Debt ₹100 lakh; Revenue ₹500 lakh; EBIT ₹120 lakh; Interest ₹20 lakh; Tax rate 30%. Calcu...
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
