Question
A company initiated the process of raising money by
issue of equity shares. It received the share application money, but the allotment is pending. The money received will be recorded as _____ for the company.Solution
Share application money pending allotment is a liability which is shown as a separate item in the balance sheet. It is a liability since the company is liable to either allot shares against that money or refund it. Any application money received for allotment of securities and due for refund is shown under other current liabilities.
Which of the following accounts will be credited on giving cash donation?
Match the following.
 Which of the following is an example of a non-cash transaction that affects the cost of an asset?
If 18 : 24 :: 24 : y, what is the value of y?
No wage period under the Payment of Wages Act, 1936 shall exceed:
On which date, a Naval Central Strike committee was elected in order to deal with the rising strikes by Indian sailors of the RIN?
The average height of 50 pupils in a class is 150 cm. Five of them whose average height is 146 cm leave the class, and five others whose average height ...
Which of the following is a key principle of industrial relations?
 In a coded language 'PROBLEM' is written as 'MPERLOB'. In the same coded language how will you write 'NUMBERS' ?Â
Consider the following statements: While it is 6:30 AM (Sunday) in London, it is around
1. 2.30 AM (Sunday) in Honolulu (Hawaii)
2. 8...
