Question
When was the Employees' Provident Funds and
Miscellaneous Provisions Act enacted?Solution
The Employees' Provident Funds and Miscellaneous Provisions Act was enacted in 1952 to provide a system of compulsory savings for employees to ensure financial security post-retirement.
As per the Companies Act, 2013, the audit committee shall have powers:
(i) to investigate any activity within its terms of reference
(ii) ...
The following balances are available for a company:
Cash: ₹5L, Inventory: ₹12L, Debtors: ₹10L, Short-term investments: ₹3L
Account...
Ricky Ponting, an Australian Cricket Player visits India for 90 days in every financial year. This has been his practice for the past 11 financial years...
In which of the following cases should an investor buy a bond?
Which of the following statements are required to verify trade creditors?
Statement 1: Obtain the schedule of creditors and examine it with refer...
Which inventory costing formula calculates value of closing inventory considering that inventory most recently purchased has not been sold?
Identify correct full forms of ESOP and ESPP.
An expansionary (inflationary) gap occurs when:
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing inventory of the previous year. I...
If Indian banks are unable to meet the Priority Sector Lending (PSL) sub-target of 18% for the agricultural sector, with whom are they required to repor...
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