Question
The Indian Accounting Standard (Ind AS) 1 deals with the
requirements for presenting general purpose financial statements consisting of the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Statement of Cash Flows . Which Ind AS specifically governs the preparation and presentation of the Cash Flow Statement? ÂSolution
Ind AS 7 is the specific Indian Accounting Standard that deals with the preparation and presentation of the Cash Flow Statement. It provides guidance on reporting cash flows from operating, investing, and financing activities. Â
A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an au...
As per RBI’s External Benchmark Based Lending framework, how frequently must the interest rate linked to an external benchmark be reset?
What is the maximum age of Presiding Officer of Tribunal under Employees Provident Fund and Miscellaneous Act?
With respect to AS 11 (The effects of changes in foreign exchange rates), which of the following statement is incorrect?
Which of the following reduces a company’s taxable income immediately (current tax) but increases deferred tax liability?
Section 126 of the Indian Contract Act refers to:
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In MS Excel, the 'VLOOKUP' function is primarily used to:
A budget that is continuously updated by adding a new accounting period when one is completed is called a:
