Question
Which of the following best describes a "nominee
director" in a company?Solution
Section 149 of Companies Act 2013 - Company to have Board of Directors: (7) Explanation.—For the purposes of this section, “nominee director” means a director nominated by any financial institution in pursuance of the provisions of any law for the time being in force, or of any agreement, or appointed by any Government, or any other person to represent its interests.
If an employer transfers second hand motor car to the employee, the perquisite is valued at:
At the end of the accounting year the capital expenditures are shown in the:
Read the following information to answer the below questions:
A company values inventory at lower of cost and NRV. Cost per unit = â‚ą150, NRV per unit = â‚ą140. For 5,000 units, calculate value as per Ind AS 2.
Which of the following is not considered a general consideration before sourcing accounting software?Â
What does the term "NEFT" stand for in the context of Indian banking?
Company A absorbs Company B. Purchase consideration is settled partly in cash and partly in shares. Which accounting method is used if the takeover is i...
Gifts not exceeding_____in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.
What is Government e-Marketplace (GeM)?
Given:
• Net income: ₹30 lakh
• Depreciation: ₹10 lakh
• Increase in inventory: ₹5 lakh
• Decrease in payables...
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