Question
The National Financial Reporting Authority (NFRA) board
meeting in November 2024 will focus on adopting revised auditing standards primarily for:Solution
Explanation: NFRA's board meeting will discuss revised standards for listed firms and public interest entities, aligning audit practices with international norms.
A company maintains average receivables of ₹5 lakh, inventory of ₹3 lakh, and payables of ₹2 lakh. If cost of goods sold is ₹60 lakh annually, c...
A statutory auditor of a company needs to report fraud/suspected fraud within _____ of his/her knowledge of the fraud.
Under the Written Down Value (WDV) method of depreciation, the WDV of an asset is always:
Which form is used to claim ITC in GST returns?
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and t...
Insert Hyperlink dialog box appears by pressing _________.
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
How many minimum independent directors should a public company have whose paid up capital is Rs.10 crore?
In light of Inventory Management, what does "VED" stand for?
The term "Goods" under GST does not include:
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