The 'Deferred Tax Asset' is recognised when: MCQ with Answer and Explanation

Explanation:
Double entry system always maintains the balance of accounting equation. Single entry does not.

Explanation:
An e-way bill is not required if the consignment value is below ₹50,000, or for specific movements like goods being sent to a transporter for the purpose of transportation from the consignor's place of business.

Explanation:
Internal audit is a continuous appraisal system and a vital component of the internal control framework. It is conducted by the management's own staff or appointed internal auditors, not by external statutory auditors. S1 is correct, S2 is incorrect.