Question
Which school of jurisprudence investigates the purpose
for which a particular law has been enacted?Solution
Ethical or Philosophicalor Natural Lawschoolof Jurisprudence: a.This school investigates the purpose for which a particular law has been enacted. b.It is mainly concerned with the reasonableness and soundness of law and through law,of justice. c.It deals with the concept of law and justice and the relation between the two. d.It is notconcerned with the historical or intellectual content of law. e.The notable jurists of this school are Grotious, Kant,Bacon, John Rawlsand Hegel
Which one of the following is treated as revenue expenditure?
If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it. Â
Which of the following are the components that are required to be estimated for credit risk quantification?
1. Probability of default
2. E...
A Credit Note is the basis for recording a transaction in which of the following?
A firm produced goods of Rs. 80,000 and spent Rs. 6,000 on carriage outward. At the end of the year, cost of goods still unsold was Rs. 2,000. Sales dur...
How to verify that while sending confidential information over the Internet such as usernames, passwords, or credit card numbers, sent data is encrypted
Which of the following is NOT a reason for differences between the cash book balance and bank statement balance?
A. Cheques issued but not yet pr...
Find the gross profit based on the following information.
Opening stock ₹10,000
Credit purchase ₹50,000
Cash purchase ₹60,000...
The SARFAESI Act also provides for the establishment of ARCs regulated by RBI. What is the full form of ARC?
According to Companies Act 2013, what does OPC stand for?