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Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
How many digits are there in MMID issued by the bank upon registration?
Which organizations are classified as Deemed Accredited Investors under the IFSCA guidelines issued in January 2024?
Which of the following financial centers provide international financial services mainly to their national economies?
With respect to the Finance Bill, consider the following statements:
I. Imposition
II. Amendment
III. Remission
IV. Alterati...
When was the Security Printing and Minting Corporation of India Limited established?
With respect to the tax benefit for the Startups, consider the following statement:
I. Extension of the date of incorporation by one year for i...
What do niche financial centers focus on?
Which among the following method is also called as Original cost method, Fixed Installment method or Equal Installment method?
Which of the following is applicable on Dynamic QR code of on B2C invoices under GST applicable from July 2021?
Agriculture Infrastructure Fund (AIF) is a financing facility operational from the year 2020-21 to ____________ for the creation of post-harvest managem...