If the company fails to comply with the provisions then it may lead to a minimum fine of ₹50,000 and a maximum fine of ₹5,00,000 on the persons responsible for the maintenance of books of accounts. ( ...
South Carolina lawmakers and outside auditors have been investigating a mystery, multi-billion-dollar sum that had been reportedly sitting in state accounts, with no known owner.
This paper discusses the three schools of thought regarding ‘income’ in such cases, the first one that says there must be entry of cost price in the revenue column thereby leading to cancellation in ...
The Kenyan government is set to transition all counties to a Treasury Single Account (TSA) as part of efforts to enhance financial accountability and efficiency.