Question
Consider the following statements regarding "Pitts India
Act 1784: 1. By the Pitt's India Act-1784, the full control of the British Government was established over the works of the Company. 2. Under this Act, the Governors of Madras and Bombay were brought under the Governor General of Bengal. Which of the following statement is/are correct?Solution
In 1784, Pitt's India Act established full control of the British government over the affairs and administration of the Company. In this Act, for the first time, the Company-ruled area was called the Territory of British Lordship'. The Governor of Bengal was given the designation 'Governor General of Bengal' by the Regulating Act of 1773 AD. Under this arrangement, the governors of Madras and Bombay were subordinated to the governor-general of Bengal.
A company records Net Sales of ₹60,00,000, of which 50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,...
What is the primary role of the Central KYC Records Registry (CKYCR)?
In cost accounting, the sum of direct materials and direct labor is known as:
The audit that is made compulsory under statute is called _________.
Liability for the drawer for the bill discounted is a:
In a manufacturing company, which of the following best represents a preventive control?
Which of the following statements are true or false?
Statement 1: Management of cash means management of cash inflow.
Statement 2: Cash ma...
A share is quoted at Rs. 60. An investor expects the company to pay a dividend of Rs. 3 per share, one year from now. The expected price of share after ...
Which of the following is an example of an adjusting journal entry?
Section 24 (a) prescribes the standard deduction from NAV of a sum equal to?
