Question
The government has exempted payments made for goods
imported through ocean freight with effect from October 1. Currently importers are required to pay ______GST under the Reverse Charge Mechanism.Solution
 The government has exempted payments made for goods imported through ocean freight from 5 per cent integrated GST with effect from October 1.   Currently, importers are required to pay 5 per cent GST under the Reverse Charge Mechanism.
Which of the following will not affect cash flows under indirect method when reconciling profit to net cash from operating activities?
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives â‚ą5 crore from the issue of deben...
Which of the following best explains the purpose of notes to accounts in financial statements?
As per Schedule III of the Companies Act, 2013, "Securities Premium Reserve" is shown under:
XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates...
As per Ind AS 1, comprehensive income includes:
The Division III, inserted in Schedule III of the Companies Act, 2013, prescribes the format for preparation of financial statements of which of the fo...
Which of the following is required to be disclosed in the financial statements about significant accounting judgments and estimates?
Which of the following is a non-current liability?
Select the most appropriate ANTONYM of the given word.
Perilous
