If the amount of work certified is 20% of the contract price, then how much profit should be taken to Profit & Loss Account?
If the amount of work certified is less than 25% of the contract price, then no profit should be taken to Profit & Loss Account.
What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
A company paid Rs.15 lakh for a machine imported from Germany. The machine was tested at a cost of Rs.18,000. The company also spent on freight and inst...
A company purchased 50,000 units of raw material at Rs.2 per unit. At what value will the raw material inventory be recorded in the books of accounts if...
Avinash Ltd needs approves to raise capital through rights issue to its existing shareholders in the ratio of 1:2. If, the market value of the share is ...
A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited ...
What is the Current Ratio of JKL Ltd based on given information?
Which of the following is an example of contract costing?
ABC Ltd had issued 20,000 debentures with FV of Rs.100 each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption val...
A company foreited certain equity shares. These were re-issued later in the year. The profit on Forfeiture of these shares would be transferred to whic...
Which among the following acts lays down the law relating to payment of a customer's cheque by a banker and the protection available to a banker?