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The accounting standards in India are issued by the Institute of Chartered Accountants of India (ICAI). ICAI is a statutory body established by an Act of Parliament and is responsible for regulating the profession of chartered accountancy in India. It sets and issues accounting standards known as the Indian Accounting Standards (Ind AS) in accordance with the provisions of the Companies Act, 2013.
An asset bought at Rs.10 lakh was sold for Rs.4 lakh after 3 years. What is the depreciation charged on the asset per year as per straight line method?
NMO Inc has the following accounting information
Current Assets at the beginning of a year = Rs 580
Current Assets at the end of a yea...
What is the Current Ratio of JKL Ltd based on given information?
In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compare...
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
How many directors can be appointed by small shareholders in a company?
What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
Which of the following strategy is made by the senior most management in large corporates?
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
Which of the following document provides details of tax and non-tax revenue receipts and capital receipts and explains the estimates?
