Question
The form of Annual Financial Statement and Demand for
Grants shall be laid down to Parliament by whom?Solution
The Annual Financial Statement and Demand for Grants are presented to the Parliament by the Finance Minister of India. This is part of the budgetary process where the government outlines its financial plans, allocations, and expenditures for the upcoming fiscal year.
Which of the following is not a taxable income under the head “Income from Other Sources”?
In case of amalgamation in the nature of purchase, the excess of purchase consideration over the net assets is debited to:
Consideration is â‚ą1.90 crore fixed plus a â‚ą20 lakh performance bonus if go-live is achieved in 4 months (historically achieved only 40% of the time)...
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What i...
A firm has current assets of â‚ą8 lakh and current liabilities of â‚ą5 lakh. If it collects â‚ą1 lakh from debtors and uses it to pay creditors, what ha...
Time of supply means
A director is appointed in _______
A company receives advance from customer for contract work. On balance sheet, this advance is:
As per RBI guidelines, a “wilful defaulter” refers to a borrower or guarantor who has committed wilful default, provided the outstanding amount is a...
The objective of ______ is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Accounting Standard.
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