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Start learning 50% faster. Sign in nowUnder Article 32 of the Constitution of India, the Supreme Court can issue writs of habeas corpus, mandamus, prohibition, quo warranto, and certiorari to protect the fundamental rights of the citizens.
While preparing cash flow statement, an entity (other than a financial institution) should disclose the dividends received from its investment in shares...
Which of the following formulae correctly calculates the Operating Profit Margin?
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
Which of the following appears on the Balance Sheet?
If a purchase return of ₹1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ a...
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
Company A has a current ratio of 1.2:1 and quick ratio of 0.9:1. It also has significant inventory holding. What does this indicate about the company’...
Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?
A firm uses 70% debt financing at 10% interest. Its ROE rises despite flat operating profits. What explains this phenomenon?
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023: