Question
Where should the payment be applied in case the debt to
be discharged is not indicated as per the provisions laid down under the Contract Act?Solution
Section 60.  Application of payment where debt to be discharged is not indicated: Where the debtor has omitted to intimate and there are no other circumstances indicating to which debt the payment is to be applied, the creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limitation of suits.
The implementation of prudential norms on BASEL III capital framework for AIFIs shall be from April 01, 2022 except for ____, for which the implementati...
Under the Co-Lending Model (CLM) between banks and NBFCs , what is the minimum share of loans that NBFCs must retain ?
ABC Ltd’s purchases during the year were Rs 200000. The balance sheet shows an average accounts payable balance of Rs 15000. ABC’s payables period a...
 Which of the following best describes a merger of two companies where a financially sick or distress business is merged with a sound company as part ...
What is the theme of the third Global Hackathon organized by the Reserve Bank of India?
In a period of falling prices, a firm reporting under LIFO compared to FIFO, will have a higher ______
In a period of falling prices, a firm reporting under LIFO compared to reporting under FIFO, will have a higher:
Consider the following and state which of these is/are component(s) of internal debt?
                       I.     ...
If the budgeted sales revenue is Rs.74,40,000 in the above product mix, what will be the margin of safety?
Depreciation would be classified as:
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