Question
Consensus ad idem means______________
Solution
It is a Latin phrase which means “meeting of the minds”. It is a legal concept which describes agreement between parties as to the exact meaning of the terms of a contract. In other words, it means, the parties to the agreement have agreed about the subject-matter of the agreement in the same sense and at the same time.
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?
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