Question
A company takes a bank loan of ₹10,00,000 at 10%
interest. Interest for the year is ₹1,00,000. Where is interest shown in financial statements?Solution
Interest paid is often shown under operating or financing depending on policy; finance cost shown in P&L. (Under Ind AS many present interest paid under operating unless capitalized.)
In whose favour is the Doctrine of Indoor Management?
When was the Government e-Marketplace (GeM) launched in India?
The GST on used car sales is ____ as per the 55th GST council meeting decisions taken in December 2024.
Which of the following statements is INCORRECT?
What is the minimum solvency ratio required by IRDAI for general insurers in India?
For intra-State sales, the GST is divided between the Centre and the State in the ratio?
An insurer has Net Profit before tax ₹50 lakh, depreciation ₹8 lakh, increase in trade payables ₹5 lakh, decrease in inventory ₹2 lakh, and gain...
Which of the following is not an objective of management accounting?
Which of the following transactions is revenue expenditure?
GST applies to all goods and services EXCEPT:
