Question
While preparing a Cash Flow Statement using the Indirect
method as required under AS 3, which of the following will not be deducted from/added to the Net Profit to arrive at the “Cash flow from Operating activities”?Solution
Explanation: Gain on sale of inventory is included in the normal course of operations , so it is already part of operating profit. The other items are non-operating and need adjustment.
Which of the following is an essential element under Section 74 (Assault or criminal force to outrage modesty)?
Under Section 23 of the Payment and Settlement Systems Act, 2007, a large commercial bank, Bank Y, participates in a Clearing Corporation's net settleme...
Consider the following statements regarding the Audit Committee under Section 177 of the Companies Act, 2013:
Statement 1: The Audit Committee ...
In which case it was laid that it is not necessary that the consideration should move from the promisee himself?
The maximum number of times a president can be re-elected in India is?
"A" who is a citizen of India, commits crime in Nigeria.
Under which Section of the Indian Penal Code, 1860, he can be tried in India.
Consider the following statements regarding corporate governance and the Board of Directors under Section 149 of the Companies Act, 2013:
Stat...
When principal may revoke agent's authority as per the Contract Act?
No child below the age of_________ years shall be employed to work in any factory or mine or engaged in any other hazardous employment.
The withdrawal of the application admitted under section 7 or section 9 or section 10 may be withdrawn on an application made by the applicant with the ...
