Question
Consider the following statements: 1.The
Tripitaka is the traditional term for Buddhist monasteries. 2.The Jatakas are a voluminous body of literature concerning the previous births of Gautama Buddha. 3.The Second Buddhist council was convened at Kundalvana, Kashmir and resulted in the first schism in the Sangha. 4.The Mauryan emperor Ashoka embraced Buddhism after the Battle of Kalinga and helped in its spread. Which of the statements above is/are correct?Solution
The correct answer is C
If an employer transfers second hand motor car to the employee, the perquisite is valued at:
At the end of the accounting year the capital expenditures are shown in the:
Read the following information to answer the below questions:
A company values inventory at lower of cost and NRV. Cost per unit = ₹150, NRV per unit = ₹140. For 5,000 units, calculate value as per Ind AS 2.
Which of the following is not considered a general consideration before sourcing accounting software?
What does the term "NEFT" stand for in the context of Indian banking?
Company A absorbs Company B. Purchase consideration is settled partly in cash and partly in shares. Which accounting method is used if the takeover is i...
Gifts not exceeding_____in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.
What is Government e-Marketplace (GeM)?
Given:
• Net income: ₹30 lakh
• Depreciation: ₹10 lakh
• Increase in inventory: ₹5 lakh
• Decrease in payables...
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