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. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
What are the requirements to be fulfilled for exercising substituted performance?
Sovereignty under Constitution belongs to
In the context of the establishment of Permanent Lok Adalats under the Legal Services Authorities Act, what is the role of the Central Authority or Stat...
A, in India, instigates B, a foreigner in Goa, to commit a murder in Goa. What offence has A committed?
Under IPC, where no sum is expressed to which a fine may extend, the amount of fine to which the offender is liable
The duty to give information about insurance as per S. 152 of the Motor Vehicles Act includes-
Before a suit is instituted against the Government a notice has to be issued to the government as per which section of CPC?
List of unfair labour practices of the part of trade unions and employers is present in :
26th November is celebrated as which of the following day in India?
According to Section 2(1)(g) of the Arbitration & Conciliation Act 1996 - “legal representative” means-