The 'Employee Benefits' (Ind AS 19) includes: MCQ with Answer and Explanation

Explanation:
Financing decision concerns how to raise funds, i.e., capital structure.

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.

Explanation:
Machinery (asset) increases, and a creditor liability increases. So assets and liabilities both increase.