Question
Which is the supreme institution of law in
India?Solution
The Parliament of India is the supreme law-making institution in India. Parliament is composed of the President of Indian and the two houses which are Rajya Sabha and Lok Sabha. The proposal of legislatives is brought before house of Parliament in the form of the bill.
The expired portion of capital expenditure is shown in the financial statements as:
As per IRDAI norms, where can insurance companies invest to maintain solvency and prudence while ensuring returns for policyholders?
A firm sells Product A (₹50/unit, VC ₹30/unit) and Product B (₹100/unit, VC ₹60/unit) in ratio 2:3. Fixed costs = ₹4 lakh. Calculate BEP sales...
Which of the following Indian Accounting Standard (Ind AS), deals with the reporting and disclosure of contingent liabilities and contingent assets? �...
Which is a non-discounting capital budgeting technique?
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
When the financial statements "give a true and fair view" and the organization under audit has gone in accordance with all requirements, the auditor wil...
Which form of financing involves selling accounts receivable at a discount to a third party?
Under Section 205-A, unpaid dividends shall be transferred to Special Dividend's Account after the expiry period of declaration of such dividend. What i...
Which ratio is commonly used to evaluate the effectiveness of a company’s credit and collection policies?
