Question
What is the purpose of International Financial Reporting
Standards (IFRS)?Solution
IFRS provides a global framework for financial reporting, ensuring consistency, transparency, and comparability of financial statements across countries.
Which of the following strengthens a company's solvency position?
While evaluating a project, if the Net Present Value (NPV) of the project is greater than zero, it implies ________.
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a severe disability?
What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
What is the statutory limit u/s 16(ii) for deduction of entertainment allowance in case of government employee?
Which institutional mechanism deals with banks’ shortfalls in meeting Priority Sector Lending (PSL) targets, and how are such funds utilized?
In cost accounting, the sum of direct materials and direct labor is known as:
Which GSTR form is primarily used by businesses to summarize their monthly tax liabilities and claim input tax credits under Goods and Services Tax (GS...
In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?
