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VRL Group is one of the largest logistics and transport companies in India (incl.4360 vehicles, [4] comprising 419 tourist buses and 3941 transport goods vehicles). The Limca Book of Records , states it is the single largest fleet owner of commercial vehicles in the country's private sector .
Accounts payable access simplifies business processes. A company often needs to procure goods and services from vendors. If the vendor allows the company to accept the good or service without ...
Accounts payable personnel must watch for fraudulent invoices. In the absence of a purchase order system, the first line of defense is the approving manager. However, AP staff should become familiar with a few common problems, such as " Yellow Pages " ripoffs in which fraudulent operators offer to place an advertisement.
Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...
Vijay Sankeshwar (born 2 August 1950) is an Indian businessman from Dharwad, Karnataka. [4] He along with Anand Sankeshwar (managing director) is the chairman of India's largest logistics firm VRL Group.
Key examples of current liabilities include accounts payable, which are generally due within 30 to 60 days, though in some cases payments may be delayed. Current liabilities also include the portion of long-term loans or other debt obligations that are due within the current fiscal year. [ 1 ]
A consolidated financial statement (CFS) is the "financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International ...
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