Question
To achieve Maharatna status in India, a company must
have an average annual turnover over the last three years of more than how many crores?Solution
To qualify for Maharatna status, a company must demonstrate a robust financial performance, including an average annual turnover of more than Rs. 25,000 crore over the last three years. This status allows greater operational and financial autonomy.
A company issues 10,000 shares at ₹100 each at a premium of ₹20. ₹80 (including premium) is received on application. How is the premium accounted?
According to section 11 of the Indian Contract Act agreement with a minor is:
Which of the following accounting standards deals with "Net Profit or loss for the period, prior period items and changes in the Accounting Policies"?
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...
How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
While preparing a Cash Flow Statement using the Indirect method as required under AS 3, which of the following will not be deducted from/added to the Ne...
In insurance accounting, what do insurance companies set aside to account for potential claims that may arise after the closing date but within the pol...
GST Council is an apex constitution body. It was constituted by virtue of Article ______ of the Constitution of India.
Under which menu heading does a balance sheet fall in Tally ERP 9?
If annual purchases = ₹240 lakh and lead time = 2 months, how many LCs are needed in a year?
