Question
When a compromise or arrangement is proposed between a
company and its creditors or its members the Tribunal on an application of _______Solution
(1) Where a compromise or arrangement is proposed— (a) between a company and its creditors or any class of them; or (b) between a company and its members or any class of them, the Tribunal may, on the application of the company or of any creditor or member of the company, or in the case of a company which is being wound up, of the liquidator appointed under this Act or under the Insolvency and Bankruptcy Code, 2016, as the case may be, order a meeting of the creditors or class of creditors, or of the members or class of members, as the case may be, to be called, held and conducted in such manner as the Tribunal directs.
GOODS DESTROYED IN FIRE . THE JOURNAL ENTRY WILL BE
A. PURCHASE DR.
     TO LOSS ON FIRE A/C
B. LOSS IN FIRE A/C D...
This kind of audit is conducted generally between two annual audits is known as which among the following?
ABC Ltd. records a lease as an asset and a corresponding liability in its books under Ind AS 116. The company uses this asset in operations and deprecia...
In the context of banking, what does the term "KYC" stand for?
A Credit Note is the basis for recording a transaction in which of the following?
Under Ind AS, when an entity adopts revaluation model for property, plant & equipment:
IRR is the rate at which:
Refer to the following information to answer the next 4 questions.
During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?
If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it
