Question
For cases of detection of Counterfeit Notes of five (05)
or more pieces in a single transaction, the Counterfeit Notes shall be forwarded immediately by the Nodal Bank Officer to whom?Solution
For cases of detection of Counterfeit Notes of five (05) or more pieces in a single transaction, the Counterfeit Notes shall be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format.
If an employer transfers second hand motor car to the employee, the perquisite is valued at:
At the end of the accounting year the capital expenditures are shown in the:
Read the following information to answer the below questions:
A company values inventory at lower of cost and NRV. Cost per unit = ₹150, NRV per unit = ₹140. For 5,000 units, calculate value as per Ind AS 2.
Which of the following is not considered a general consideration before sourcing accounting software?
What does the term "NEFT" stand for in the context of Indian banking?
Company A absorbs Company B. Purchase consideration is settled partly in cash and partly in shares. Which accounting method is used if the takeover is i...
Gifts not exceeding_____in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.
What is Government e-Marketplace (GeM)?
Given:
• Net income: ₹30 lakh
• Depreciation: ₹10 lakh
• Increase in inventory: ₹5 lakh
• Decrease in payables...
