The 'Master File' under transfer pricing documentation is a part of: MCQ with Answer and Explanation

Explanation:
Goods taken for personal use reduce drawings and reduce purchases (or stock). Correct entry: Drawings A/c Dr. To Purchases A/c.

Explanation:
The Current Ratio is indeed a liquidity ratio. However, it measures short-term liquidity (ability to pay current liabilities), not long-term debts (which is measured by solvency ratios like Debt-Equity). A is true, R is false.

Explanation:
Treasury integration allows the central government to track unspent balances and actual expenditure of funds granted to states for various schemes.