Question
Who shall be responsible to bear the cost or expenses
connected with the class action brought under section 245 of the Companies Act?Solution
S ection 245(5)(d) lays down that the cost or expenses connected with the application for class action shall be defrayed by the company or any other person responsible for any oppressive act.
A firm's debt = ₹8,00,000 and equity = ₹12,00,000. Debt-equity ratio is:
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
The ratio that measures the percentage of profit earned on sales before interest and tax is:
A firm’s gross profit is ₹50 lakh, sales are ₹2 crore. What is its gross profit margin?
 Which of the following is not a tool of financial statement analysis?
As per the Banking Regulation Act, 1949, which of the following is not included in the "Schedule of Interest Accrued but Not Due" in a bank's balance sh...
A company’s Balance Sheet shows the following figures:
• Current Assets amounting to ₹12,00,000, which include an Inventory balance of ₹3...
Current ratio = 1.5 and current assets = ₹3,00,000. Current liabilities are:
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
A high Inventory Turnover Ratio, in comparison to industry average, may indicate: