Question
A farm on which 50% or more of the
receipts are from sugarcane would be classified as sugarcane farm, this is an example ofSolution
When a farm is organized for the production of a single commodity and this commodity is the only source of income, the farm is said to be specialized. The major enterprise contributes more than 50% of the total farm income. Examples are sugarcane farm, cotton farm, poultry farm, dairy farm, wheat farm etc.
An uncovered cost at the start of a year is Rs. 20,000. Full cash flow during the recovery year is Rs. 40,000, and years prior to full recovery are 3. T...
Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as ___________ to attend an...
Which of the following statements is true?
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and ...
While computing exemption in respect of gratuity received by a non-Government employee covered by the Payment of Gratuity Act, one of the items to be co...
When the day on which a promissory note or bill of exchange is at maturity (after including days of grace) is a public holiday (except emergency or unfo...
A listed insurer remeasures its defined benefit plan obligation at year-end, and also records fair value changes of equity instruments irrevocably desig...
Which of the following best describes the amount by which the carrying amount of an asset exceeds its recoverable amount?
Under RBI’s scale-based regulatory framework for NBFCs, an NBFC–Peer-to-Peer Lending platform (NBFC-P2P) will always fall under which regulatory lay...
An auditor cannot audit a firm if his/her relative is indebted to the company in excess of ______
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