Question
Quia Timet means________________
Solution
Quia timet is an injunction to restrain wrongful acts which are threatened or imminent but have not yet commenced. In Latin it means "because he fears or apprehends”. It enables the party to safe guard its rights even before the actual violation takes place.
An insurer faces a probable liability of â‚ą25 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?
Relevant for Exams:
