Question
Which of the following statements are correct regarding
the eligibility criteria for maharatna companies? 1. It must be registered as a Navratna Company. 2. The Indian Stock Exchange is where it must be listed. 3. The company must operate globally and have an international presence.Solution
The correct answer is E
National Insurance Company reported a total premium collection of ₹800 crore for FY2023. During the same period, the company paid out claims amounting...
Which section of the Income Tax Act defines the term Assessee?
When shares are issued by a company to its employees or its directors, either at a discount or for consideration other than cash, for providing know-how...
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
The value of the firm on the basis of Net Income Approach can be ascertained as:
V = S + D
In the above formulae, S indicates______.
How many parties are involved in a Bill of Exchange?
Which of the following Indian Accounting Standard (Ind AS), deals with the reporting and disclosure of contingent liabilities and contingent assets? �...
A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
Given the Balance Sheet: Equity ₹200 lakh; Long-term Debt ₹100 lakh; Revenue ₹500 lakh; EBIT ₹120 lakh; Interest ₹20 lakh; Tax rate 30%. Calcu...
How can we find out the Net Realizable Value on account of Inventory as per the applicable Accounting Standard for valuation of Inventory?
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