Question
According to the Contract Act mere silence is not fraud
unless_______________Solution
Section 17 Explanation—Mere silence as to facts likely to affect the willingness of a person to enter into a contract is not fraud, unless the circumstances of the case are such that, regard being had to them, it is the duty of the person keeping silence to speak, or unless his silence is, in itself, equivalent to speech.
Parent Co. holds 80% in Subsidiary Co. The subsidiary reports profit of ₹10 lakh. What is the amount of minority interest in the consolidated P&L?
The accounting equation is the foundation of:
Application Controls deal with controls related to:Â
In a public sector undertaking (PSU), a 'Reasonableness of Price' certificate is often required for purchases to:
Capital asset excludes all except-
Which of the following IND AS deals with revenue from contracts with customers?
As per AS 9, revenue from sales of goods should be recognized when:
The _________ generation used integrated circuits.
In an organization, the actual sales were ₹10 lakh while the budgeted sales were ₹12 lakh. The cost was ₹6 lakh vs budgeted cost of ₹7 lakh. Wha...
The difference between the spot price and the future price of a future is called as _____?
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