Question
What is the objective of Payment and Settlements Act?
Solution
Objective - An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.
Sales book is kept to record:
A company faces a lawsuit for patent infringement. Legal advisors state a 55% probability of losing with damages of ₹50 crore, but range could be ₹4...
From the below Ind AS 2 is not applicable in which of the following cases?
The depreciation of assets is computed on their:
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
What is the primary purpose of GSTR-1 in the GST (Goods and Services Tax) system?
A company enters into a contract to construct a specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated tot...
Which of the following statements is true?
Which of the following is NOT a feature of a Receipts and Payments Account?Â
Budgeted costing, marginal costing and standard costing are the ________
