Question
As per the Companies Act till when shall the President
and every other Member of the Tribunal shall hold office from the date on which he enters upon his office?Solution
Section 413. Term of office of President, chairperson and other Members-(1) The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re-appointment for another term of five years.
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
Annual Lettable Value = ₹3,60,000
Municipal Taxes = ₹30,000
Interest on Housing Loan = ₹2,50,000
Compute taxable income under...
A company incurred ₹1 lakh as preliminary expenses. How should it treat the amount under current Ind AS?
_______ Ratio is the indicator of firm’s financial leverage.
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
If the company earned revenue from operations of Rs.18 lakh, what is the working capital turnover ratio of the company?
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
Which of the following commodities are kept outside the scope of GST?
(i) Fresh milk and pasteurised milk
(ii) Soyabeans seeds
(iii...
Which Ind AS deals with Revenue from Contracts with Customers?
Project A has cash flows of ₹-10 lakh (initial), ₹3L, ₹4L, ₹5L over 3 years. Project B has the same initial investment but generates ₹6L, ₹4...