Question
Which of the following statement/s is/are correct
regarding payment of Gratuity Act 1972?        I.           It is applicable where at least  20 or more workers are employed, or were employed on any day of preceding twelve months.      II.           The employer shall arrange to pay the amount of gratuity under 30 days.   III.   The amount of gratuity payable to an employee shall not exceed three lakhs and fifty thousand rupees.Solution
It is applicable where 10 or more workers are employed, or were employed on any day of preceding twelve months.
What is a reverse auction?
A company issues 1,00,000 equity shares of ₹10 each at a premium of ₹5, payable as ₹5 on application, ₹5 on allotment (including premium), and �...
SA 500 deals with which of the following?
Under the Credit Guarantee Fund for MUDRA Loans (CGFMU), collateral-free loans are available up to what amount for eligible startups under the Pradhan M...
Investment in debt instrument for which the company has intention to receive contractual cash flows and for which, the debt gives contractual cash flows...
An instrument which is vague and cannot be clearly identified either as a bill of exchange, or as a promissory note, is called as:
Calculate sales to earn a profit of Rs. 150,000, if fixed cost = Rs. 3,00,000 and P/V ratio is 20%:
Which of the following Indian Accounting Standard (Ind AS), deals with the reporting and disclosure of contingent liabilities and contingent assets? �...
On 1 April 2024, a company enters into a 3-year lease for machinery with annual lease payments of ₹5,00,000, payable at the end of each year. The incr...
Drawings made by an owner belongs to:
Relevant for Exams:
