Question
In Chinnaya vs. Ramayya it was held that________________
Solution
Contract Act -It was decided by the Court that the agreement giving effect to transfer of the estate to the respondent by her mother as a gift and the agreement to pay annuity are simultaneous agreements. Hence, both of these agreements shall be considered as a single transaction as per the definition of consideration given under section 2(d) of the Indian Contract Act.
An insurer faces a probable liability of ₹25 lakh from a pending court case related to motor insurance. As per Ind-AS 37, how should the liability be ...
The fundamental accounting equation, Assets = Liabilities + Equity, can be alternatively expressed as:
Which of the following categories of inventory are generally reported by companies in their financial statements?
Which of the following is the correct full form of REIT?
After providing for ___________, Declaration of Dividends for the current year is made.
If a company uses LIFO inventory method in falling price environment (prices decreasing), then:
Under Ind AS 2, when net realisable value (NRV) of inventory falls below cost, accounting treatment is:
Which of the following is not an accounting equation?
As per revised RBI guidelines, what is the maximum annual household income for borrowers eligible under microfinance loans?
Which act primarily governs the field of general insurance in India?
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