Question
Select the most appropriate option to fill in the
blank. It is mainly due to Ravi’s lethargy that the plan fell _____.Solution
"Fell through" is an idiom meaning the plan failed or was unsuccessful.
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
CSR committee of a Board shall consists of ________.
Consolidated Financial statements are covered under which of the following accounting standards?
The concept of 'Substance over Form' implies that:
A company has a net profit of ₹5,00,000 and 1,00,000 equity shares outstanding at the beginning of the year. During the year, it issued 50,000 additio...
In monetary policy operations, the Reverse Repo Rate refers to:
Which of the following accounting convention states that‘Trivial transactions can be ignored’?
A company claims depreciation of ₹15 lakhs as per tax laws but only ₹10 lakhs as per books. How should this temporary difference be treated?
Great Insurance Co. Ltd. on 31.12.2022 had reserve for unexpired risk of 5 crores in respect of miscellaneous business. During 2023, the premium collect...
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
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