Question
Which of the following statements about the AI Audit
Tool is incorrect? 1. It is being developed by ICAI and MeitY. 2. ₹100 crore has been allocated for its development. 3. The tool will benefit over 9 lakh students.Solution
₹25 crore has been allocated, with plans to increase to ₹100 crore.
A company receives advance from customer for contract work. On balance sheet, this advance is:
Which of these is a primary objective of financial reporting?
As per the Indian Accounting Standards, a company enters into a lease for a building for 9 years, and the building's useful life is 10 years. The contra...
In MS Excel, the 'IF' function is used to:
AEPS stands for ______________.
The portion of the uncalled capital, which can be called only at the time of winding up of the company, is known as:
The cost of sales is equal to:
Under the EPF Act, 1952, which Section empowers the Central Government to frame the Employees’ Provident Fund Scheme?
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...
Which of the following is typically a module in an EIS-based accounting system?
a) Accounts Payable
b) Accounts Receivable
c) Inven...
