Question
A company fails to accrue wages for March that will be
paid in April. The company’s year-end balance sheet liabilities:Solution
Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month and as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
What is the time from when a registered document operates as per the Registration Act?
Which of the following statement in respect of section 320 of the Code of Criminal Procedure, 1973, is not correct?
If the court wants to form an opinion as to any law contained in any Bare act, the opinion shall be relevant? If yes under which section of the Indian E...
One of the objectives of the Indian Constitution is ‘Economic Justice’.  It has been provided under which of the following?
If the investigation is not completed in 24 hours?
As per section 6 of the Transfer of Property Act, 1882, which of the following cannot be transferred __________.
Which of the following best describes a progressive tax system?
According to Indian Partnership Act, 1932 Within how many months of attaining majority or obtaining knowledge of admission to partnership benefits must...
Which of the following is not provided under S.89 of CPC?
Under the Registration Act, 1908, a registered document operates
