Question
Neha agrees to sell to Vidhika "hundred tons of oil".
There is nothing whatever to show what kind of oil was intended. The agreement is_______________Solution
Contract Act Section 29. Agreements void for uncertainty: Agreements, the meaning of which is not certain, or capable of being made certain, are void.
Which of the following scenarios correctly reflects the going concern assumption?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Under which of the following accounting systems, real & nominal accounts are ignored?
A company purchased machinery for ₹10,00,000 on 1 April 2021. The machine has a useful life of 5 years, and depreciation is charged using the straight...
A provision is recognised when:
Which type of prospectus can be used for inviting subscriptions of securities for one or more issues over a certain period of time?
For which of the following goods, the manufacturer is not allowed to opt for composition scheme:
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On Jan 1, 2017 the position of V. Mathur was as follows:
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Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800;...
Which of the following statements are true or false?
Statement 1: Management of cash means management of cash inflow.
Statement 2: Cash ma...
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