Question
Consider the following statements:Â 1. The
Election Commission of India (ECI) was established under Article 324 of the Indian constitution. 2. The ECI presently consists of one Chief Election Commissioner (CEC) and two Election Commissioners (ECs). 3. The ECI was made a multi-member body through an Act of Parliament in 1992. Which of the statements given above is/are correct?ÂSolution
The Election Commissioner Amendment Act, 1989" was adopted on 1 January 1990 which turned the commission into a multi-member body: a 3-member Commission has been in operation since then and the decisions by the commission are made by a majority vote. The commission is served by its secretariat located in New Delhi.
Advance amount received from customers is not considered as sale. It is based on which concept?
Which report is issued after completion of statutory audit of a PSU?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
The coefficient of correlation takes the value in which of the following ranges?
Which of the following is shown under investing activities in the cash flow statement ?
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Which accounting standard provides guidance on how to account for foreign currency transactions and the effects of changes in foreign exchange rates on...
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
Under Ind AS 116, which of the following is true for lessees?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing inventory of the previous year. I...
