Question
As per the accounting standards, the impairment loss on
a revalued asset is recognised in _______Solution
An impairment loss on a non-revalued asset is recognised in profit or loss. However, an impairment loss on a revalued asset is recognised in other comprehensive income to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that same asset. Such an impairment loss on a revalued asset reduces the revaluation surplus for that asset (AS 36).
The liability of the surety is co-extensive with that of the principal debtor. It has been provided under Indian Contract Act:Â
In computing the period of limitation for filing a suit the day on which it is reckoned ______.
Which of the following cases does not explain the maxim ‘Damnum Sine Injuria’?
No special treatment can be given to the government when considering an application for stay of the award was held by the Apex Court in the case of?
In the context of a lease, what happens if a lessee or under-lessee remains in possession of the property after the determination of the lease, and the ...
Specific Relief is granted for?
As per the provisions laid down under the Sale of Goods Act __________________ means goods identified and agreed upon at the time a contract of sale is ...
Up to what maximum amount can the Reserve Bank increase the minimum authorized capital of the credit information company as per the Credit Information C...
Who is the ex- officio chairman of the Council of States?
What does USDA stands for?
