Question
Regarding the Summer Fiesta 2024 at National Bal
Bhavan, consider the following statements: 1. The event is designed exclusively for children aged below 10. 2. Over 30 different activities are offered, focusing on Creative and Performing Arts, Science, and more. 3. Special workshops aim to develop and showcase children's talents. Which of the statements above is/are correct?Solution
Statements 2 and 3 are correct, describing the diverse activities and the focus on talent development. Statement 1 is incorrect; the event is for children aged 5 to 16.
Revenue should be recognized at the point of sale. Which principle is applied here?Â
Company’s cash book shows ₹1,20,000 (CR) as at year-end. Bank statement shows ₹1,05,000 (CR). Outstanding cheques total ₹20,000 and deposits-in-...
As per Companies Act, 2013, what is the minimum number of board meetings a company must hold in a year?
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Under RBI’s KYC Directions, which category of bank account is permitted to be opened with simplified documentation (relaxed KYC norms), subject to res...
The point at which the liability to charge tax arises is called as the Â
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Who is called father of modern accountancy who also described the duties and responsibilities of auditor?
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