Question
Present liability of uncertain amount, which can be
measured reliably by using a substantial degree of estimation is termed as ?Solution
A provision is a present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation. It is recognized as a liability in the balance sheet and is charged as an expense to the income statement. Provisions are created to cover future expenses that are probable but not yet certain.
DuPont analysis is:
Forfeiture of shares occurs when a shareholder:
Which of the following statement is correct?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
A firm budgeted sales of ₹120 lakh but achieved actual sales of ₹100 lakh. Variable cost was budgeted at 60% of sales, and actual cost was 62% of ac...
What is the primary objective of CARO?
In a manufacturing entity, the cost of abnormal waste is:
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
What is the CAPM?
