Question
When a transaction of supply of goods/services is made between two persons who are not related to each other and price is the sole consideration for the supply, than Value of supply under section 15(1) is _______.
More Accounts Questions
- V Ltd. sells Customer C a water purifier and maintenance service for 2 years for a total consideration of Rs 20,000. As per IND AS 115, determine how many ...
- A firm reports: • Net sales: ₹500 lakh • Gross profit: ₹125 lakh • Operating expenses: ₹50 lakh • Interest: ₹15 lakh • Tax: ₹20 lakh • Total assets: ...
- Virat Ltd. issues 5,000 10% preference shares of ₹100 each at ₹96 each. The company proposes to redeem the preference shares at the end of the 10th year fr...
- What is the main focus of Railtel Corporation of India?
- A company purchases 1000 bonds of ₹100 each at ₹95 cum-interest, and the interest rate is 8% payable, annually. How much accrued interest is included in th...
- In relation to auditing concepts, which of the following statements is INCORRECT?
- What is the role of GeM in promoting transparency in government procurement?
- Which of the following is a key principle of the "Canon of financial propriety"?
- The primary objective of Cash Management is to:
- A company can issue redeemable preference shares for up to what maximum duration?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
