Question
According to the Companies Act, 2013, every listed
company must constitute an Audit Committee. Which of the following is not a role of this committee?Solution
Audit Committee deals with audit, risk, and internal controls, not managerial remuneration, which is the domain of Nomination & Remuneration Committee.
How many minimum independent directors should a public company have whose paid up capital is Rs.10 crore?
With respect to Job Costing, which of the following statement is incorrect?
Which of the following documents is NOT accepted as valid proof for opening a current account by a sole proprietor?
X Ltd. forfeits shares for non-payment of final call. These are reissued at a discount. Where is the discount adjusted?
Which type of prospectus can be used for inviting subscriptions of securities for one or more issues over a certain period of time?
Which of the following statements are correct?
(i) Net Income (NI) Theory was propounded by David Durand.
(ii) The Net Operating Income (N...
What is the role of GeM in promoting the "Make in India" initiative?
Accruals are recorded in the books of accounts through:
A high Debt-Equity Ratio indicates:
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
