Question
What is the primary obligation of the trustee as per the
Indian Trusts Act, 1882? ÂSolution
Under Section 11 , the trustee is duty-bound to execute the trust and fulfill its purpose as explicitly laid out in the trust deed. This includes preserving the trust property and using it for the intended beneficiaries. Â
Drawings made by an owner belongs to:
H Ltd owns 80% of S Ltd. S Ltd made a profit of ₹10 lakh this year. There are unrealized profits in closing stock of ₹1 lakh due to inter-company sa...
Premium income for the year is ₹240 crore, evenly earned. As at year-end, unexpired risk is 50% of premium. Calculate UPR to be carried forward.
Which of the following best describes a "nominee director" in a company?
A company expected material cost to be ₹50 per unit for 1,000 units. Actual cost was ₹55 per unit for 950 units. What is the material cost variance?
A company has debt of ₹50 lakh at 10% interest, equity of ₹1 crore with cost of equity 15%, and tax rate 30%. Calculate the WACC (weighted by market...
Calculate the value of work certified, if cash received is Rs. 480,000, being 80% of work certified.
The person responsible for paying any income by way of winnings from lottery an amount exceeding ₹ 10,000, shall deduct
According to the Standards of Auditing, the "Documentation" aspect is dealt with:
A company with higher current assets than current liabilities is said to have:
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