Question
As per AS 13, long-term investments are carried at cost.
When a permanent diminution in value occurs, the carrying amount must be reduced and the reduction recognized as an expense. Why is this requirement necessary?Solution
• The principle of prudence requires permanent diminution to be recognized immediately to prevent asset overstatement.
According to SEBI(DP) Regulations, 2018‘ applicant ’ means any person or persons who, acting alone or in combination with another person proposes ...
Which convention provides protection to prisoners of war under International Humanitarian Law?
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The safeguard measures applied under section 8B of the Customs Tariff Act shall, unless revoked earlier, cease to have effect __________
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As per section 187 of the Contract Act an authority is said to be express when it is_________________
Any private person may arrest any person who:
Wrongful gain is
