Question
Which among the following criterion are required to be
fulfilled for an asset to be classified as a Current Asset?Solution
An asset shall be classified as current when it satisfies any one of the following criteria: a.   It is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle b.   It is held primarily for the purpose of being traded c.    It is expected to be realized within 12 months after the reporting date, or d.   It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date All other assets shall be classified as non-current .
Where any asset reconstruction company or any person fails to comply with any direction issued by the Reserve Bank under this Act the adjudicating auth...
Bar to further suit to a plaintiff is expressly provided under which section of CPC?
Equal Justice and Free Legal Aid. This is a …
According to the Contract Act under what circumstances is a person deemed to be in a position to dominate the will of another?
The duration of House of People is_________________
Section 151 of the Code of Civil Procedure deals with:
What does the term "transfer of property" mean as per the Transfer of Property Act?
Which Section of the Indian Contract Act, 1872, specifically deals with revocation of proposals and acceptances?Â
Which one of the following is not the function of EIC?
Compensation under MV Act adjudged by which authority?
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