Question
Under which section of the Companies Act, 2013,companies
are registered as non-profit organizations with the aim to promote arts, commerce, education, social welfare, or other specified objectives?Solution
Section 8 company is registered as a non-profit organization under the Companies Act, 2013. Section 8 companies are registered when the company has the motive to promote arts, commerce, education, social welfare, or any other income obtained to promote objectives.
Which of the following assessee is not liable to pay advance tax u/s 207?
In insurance accounting, what is "unearned premium"?
Calculate the inventory turnover ratio:
Which of the following can lead to multiple IRRs?
Goods costing ₹ 60,000 sold to Manish at a profit of 25% on sales less Trade Discount @ 5%.
Calculate the amount to be shown in Sales Account:
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
Â
What should be the correct Journal Entry for booking premium income in case of Incoming coinsurance:
Which method of depreciation results in higher depreciation in earlier years?
Which of these is a liability arising from construction contracts under percentage-of-completion where billings exceed progress?
If the labour efficiency variance is unfavorabie but the labour rate variance is favourable, which of the following could be a reason?
