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Subodh and Rina go to a shop. Subodh says to the shopkeeper, "Naresh, let Rina have the goods and if she does not pay you, I will." This is a ________.
According to the Companies Act which of the following statement is true regarding set-off against subsequent calls in a company when all creditors have ...
A branch receives goods from the Head Office at an invoice price that includes a 25% markup on cost. If the invoice price of goods sent to the branch is...
The format of the Financial Statement of a company is prescribed in:
A’s acceptance to B for Rs. 5,000 is discharged by a cash payment of Rs.3000 and a new bill is drawn for the balance plus Rs.100 for interest. The am...
Journal entry is not made for which of the following?
For intra-State sales, the GST is divided between the Centre and the State in the ratio?
Which of the following statements is true with regard to declaring and issuing of Bonus Shares?
On Jan 1, 2017 the position of V. Mathur was as follows:
Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800;...
Calculate the receivables turnover ratio of the company?