Question
Which of the following represents the fundamental
principle that financial statements must present to ensure reliability and credibility to users?ÂSolution
The concept of “True and Fair view” is a fundamental principle under accounting and company law, requiring that financial statements faithfully represent the financial position and performance of an entity without bias or misstatement. While qualitative characteristics like relevance and comparability support decision-making, the overarching requirement is that financial statements must present a true and fair view.
A tort is the outcome of the breach of such ______ which are imposed by law.
The Indian Succession Act, 1925, applies to:
A police officer concludes the investigation into a cognizable crime and prepares a detailed report with all the evidence collected. Under which sectio...
In States having a Legislative Council, the total number of members shall not exceed_______
The Pension Fund Regulatory and Development Authority Act, 2013 came into force on ____________
Under the Hindu Succession Act, 1956, if a Hindu male dies intestate (without a will), which of the following will inherit first?
According to ___________ of interpretation, the meaning of a word is to be judged by the company it keeps.
As per section 21 of the Negotiable Instrument Act “at sight” means___________
If the suit was not instituted in proper court_________________
According to Sales of Goods Act, 1930 which of the following accurately describes the legal effect of a person, who has sold goods but continues to pos...
