A Bank Reconciliation Statement is prepared by: MCQ with Answer and Explanation

After reissue of forfeited shares, the balance in 'Shares Forfeited Account' is transferred to:

S1: Under GST, the time of supply for goods under the Reverse Charge Mechanism (RCM) is the earliest of the date of receipt of goods, date of payment, or date of invoice. S2: For services under RCM, the time of supply is the date of payment or the date immediately following 60 days from the date of invoice, whichever is earlier. Which statement(s) is/are correct?

The 'Deferred Tax Asset' is recognised for deductible temporary differences to the extent that: