Question
In public sector procurement, the most widely used
method for fairness and transparency is:Solution
PSUs must follow Transparency, Fair competition, Equal opportunity, and Lower risk of corruption. Open tendering is mandatory in most cases unless exemptions apply.
What is the limit of deduction allowed under section 80TTA of the Income Tax Act?
Under bank reconciliation, cheques issued but not presented are:
Calculate Breakeven point from the following data:
Fixed cost = Rs. 1,20,000
Sales = Rs. 2,20,000
Variable cost = Rs. 88,000
Given the Balance Sheet: Equity ₹200 lakh; Long-term Debt ₹100 lakh; Revenue ₹500 lakh; EBIT ₹120 lakh; Interest ₹20 lakh; Tax rate 30%. Calcu...
For NPAs with an outstanding balance of ₹5 crore and above, which of the following measures has been made mandatory to improve stock valuation reliabi...
Deduction (under Section 80E of the Income Tax Act, 1961) shall be allowed for __________ assessment years starting from the assessment year in which th...
Total factory overheads = ₹5 lakh; Direct labour hours = 10,000. Calculate the overhead absorption rate per labour hour.
What is the minimum provision percentage on Doubtful Assets classified under IRAC norms (Doubtful for more than 1 year)?
The decisions which are concerned with analysing the risks and rewards of equity and debt and raising money through them is known as:
A firm has the following details:
• Raw material holding: 25 days
• WIP: 15 days
• Finished goods: 20 days
• Receiva...
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