Question
 A motor policy is usually valid for a period of ____
year and has to be renewed before the due date.Solution
A motor policy is usually valid for a period of one year and has to be renewed before the due date.
The term 'Days of Grace' in relation to a bill of exchange refers to:
A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
Mr. X draws a bill on Mr. Y for ₹1,00,000 payable after 3 months. Mr. Y accepts the bill but fails to honour it on maturity. What is this act called i...
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
Noting charges are recoverable from:
Which of the following is an example of transaction in money under GST laws
Accounts relating to income, revenue, gain expenses, and losses are termed as:
The person who draws a bill of exchange is called the:
Which accounting standard governs the treatment of inventories in India?
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
