Question
Consider the following about National Pension System
(NPS) Trust: I. NPS Trust is a specialized division of Pension Fund Regulatory and Development Authority. II. It comes under the jurisdiction of Ministry of Finance of the Government of India. III. The National Pension System (NPS) is a voluntary defined contribution pension system in India. Which of the above statement is/are correct?Solution
National Pension System Trust (NPS Trust) is a specialised division of Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India. The National Pension System (NPS) is a voluntary defined contribution pension system in India.
_______ is also known as General Ledger Adjustment Account.
If a government grant is received but later becomes refundable, how should it be accounted?Â
According to section 11 of the Indian Contract Act agreement with a minor is:
A project requires initial outlay ₹2,00,000 and produces net cash inflows ₹50,000 annually for 6 years. Simple payback period is:
Advance amount received from customers is not considered as sale. It is based on which concept?
Process costing is suitable for
Plant purchased for ₹6,00,000. Depreciation for year = ₹1,00,000. Closing balance of Plant = ₹10,00,000. Opening balance was ₹5,00,000. Calculat...
A private company wants to issue shares to selected individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
When will a person, who opted Composition Levy, have to pay tax in GST?
How many categories of enterprises are recognized under the MSMED Act, 2006 (amended 2020 & revised 2025)?
