Question
Which of the following books is NOT mandated to be
maintained under the Companies Act, 2013?Solution
Section 128 of the Companies Act, 2013, requires every company to maintain proper books of account. These typically include a Cash Book, a Journal, and a Ledger to give a true and fair view of the company's affairs. A Petty Cash Book, while an essential and practical tool for tracking small, routine expenses, is not specifically mandated by the Act. It is a subsidiary book, and its function can be subsumed within the main Cash Book.
An annuity that starts at a predetermined date in the future is called as:
A company has the following capital structure:
• Equity: ₹60,00,000 (Cost of Equity = 15%)
• Debt: ₹40,00,000 (Pre-tax cost = 10%)...
In a 'Consortium Financing' arrangement, the risk of borrower default is:
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
...An insurer faces a probable liability of ₹25 lakh from a pending court case related to motor insurance. As per Ind-AS 37, how should the liability be ...
AS 6: Depreciation Accounting has been withdrawn with effect from 1-4-2016 after issuance of revised ________.
'Mezzanine financing' for a project is a hybrid of:
Interest coverage ratio can be numerically expressed in the form of the following equation:-
Credit Information Bureau (India) Limited CIBIL is India’s credit information bureau which provides consumers credit scores to a closed user group...
Determine a firm's total assets turnover, if its net profits margin is 8%, total assets are 8,00,000 and the return on investment is 14%
