Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The … Read more
Donald Trump’s longtime accountants have ditched the former US president as a client, saying a decade’s worth of financial statements could not be relied upon, court documents showed Monday. Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company, which is being probed by New York … Read more
By DK Aggarwal The profit and loss (P&L) account summarizes a business’ trading transactions such as income, sales and expenditure and the resulting profit or loss for a given period. In simple words, it shows the financial health of a company. The balance sheet, on the other hand, exhibits what a company owns and owes, … Read more