Explanation: Section 12 of Prevention of Money Laundering Act: 1) Every reporting entity shall: (a) maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to reconstruct individual transactions; (b) furnish to the Director within such time as may be prescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed; (e) maintain record of documents evidencing identity of its clients and beneficial owners as well as account files and business correspondence relating to its clients.
Cost of goods sold will be:
Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
With respect to AS 12 (Accounting for Government grants), which of the following statement is incorrect?
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
Read the following information to answer the below questions:
Balance as per pass book is Rs. 50,000/-. Rs 5,000/- were directly deposited by a customer into the bank. Then the balance as per cash book is:
Which form is required for preparing the Balance Sheet of an insurance company engaged in general insurance business?
Ramesh draws a bill on Suresh. Ramesh endorsed the bill to Mukesh. The payee of the bill will be:
Under what heading, "uncalled liability on partly paid up shares" will appear while preparing final accounts of limited liability companies?
Under which activity would the payment of dividend be classified as, in a cashflow statement?
