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.
Under what circumstances does the mandate of an arbitrator terminate and a substitution occur?
Ejusdem generis means:
Once all the partners anticipate dissolution of the firm___.
Which Article of the Constitution talks about directive principles of State policy for protection of wildlife?
A Public Company is a company which has a minimum paid-up share capital ____________
In suits against the Government, when a decree is passed against the Union of India, execution shall not be issued on such decree until___________
Match the following and find the correct answer
WTO Agreement : Area of work
I. GATT : A. Telecommunication
II. GATS : B. Copyrig...
Transfer of Spes Succession is:
A agrees to sell to B, for Rs. 1,000, “my white horse”. A has two white horses.
Under which circumstances can a person apply for anticipatory bail, and which court can grant it?