Question
Which Constitutional Amendment Act introduced the
National Judicial Appointments Commission (NJAC) in India?ÂSolution
The National Judicial Appointments Commission (NJAC) was established through the 99th Constitutional Amendment Act of 2014, aiming to revamp the process of judicial appointments in India. However, the Supreme Court declared the NJAC unconstitutional in 2015, maintaining the collegium system for judicial appointments.
_______ is also known as General Ledger Adjustment Account.
If a government grant is received but later becomes refundable, how should it be accounted?Â
According to section 11 of the Indian Contract Act agreement with a minor is:
A project requires initial outlay ₹2,00,000 and produces net cash inflows ₹50,000 annually for 6 years. Simple payback period is:
Advance amount received from customers is not considered as sale. It is based on which concept?
Process costing is suitable for
Plant purchased for ₹6,00,000. Depreciation for year = ₹1,00,000. Closing balance of Plant = ₹10,00,000. Opening balance was ₹5,00,000. Calculat...
A private company wants to issue shares to selected individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
When will a person, who opted Composition Levy, have to pay tax in GST?
How many categories of enterprises are recognized under the MSMED Act, 2006 (amended 2020 & revised 2025)?
