Question
A tort is the outcome of the breach of such ______ which
are imposed by law.Solution
Tortious liability arises from the breach of a duty which does not arise out of a contract but out of duties that are fixed by law.
Selling price = â‚ą100/unit, Variable cost = â‚ą60/unit, Fixed cost = â‚ą4,00,000. Sales = 12,000 units. Calculate sales amount if the desired profit is...
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
Donation received by Non-Profit Organization for constructing college library is called:
What is the primary purpose of the Foreign Account Tax Compliance Act (FATCA)?
When the liquidation expenses are paid and borne by the transferee company, which of the following entry is made in the books of transferor company?
Which among the following is a Progressive Tax?
Section 24(b) of the Income Tax Act refers to:
As per RBI guidelines, a “wilful defaulter” refers to a borrower or guarantor who has committed wilful default, provided the outstanding amount is a...
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...
Which of the following transaction will affect the current ratio?
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