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A mortgage is a way to use one's real property, like land, a house, or a building, as a guarantee for a loan. In case of Housing Loan, mortgage is created on the house which is kept as a collateral security for the loan provided. Personal loans are unsecured loans. In Vehicle loan the vehicle is hypothecated as security. Similarly in Trade loans the good under the trade are hypothecated. In case of Consumer loans also the assets financed are hypothecated to the lender. Movable assets as in case of Vehicle loan, Trade Loan and Consumer loan are hypothecated while immovable assets (real estate) are mortgaged.
Which of the following incomes is taxable under the head income from other sources?
A statutory auditor of a company needs to report fraud/suspected fraud within _____ of his/her knowledge of the fraud.
IRR is the rate at which:
Nitin acquired a machine in exchange of an old machine and paid ₹ 20,000 in cash. The carrying amount of the old machine was ₹ 2,00,000 whereas its ...
Which Schedule of the Companies Act, 2013 deals with the general instructions for preparation and presentation of the final accounts of a company?
Which of the following account has a Credit Balance?
When is a Suspense Account opened?
If a company has a foreign branch, how are its financial statements translated as per AS 11?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
Classify the following under the respective head in balance sheet:
Items:
I. Current maturities of long-term debt
