Question
If a partner carries out business competing with that
of the firm______.Solution
S. 16 PERSONAL PROFITS EARNED BY PARTNERS. Subject to the contract between the partners, - (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm-name, he shall account for that profit and pay it to the firm; (b) if a partner carries on any business of the same nature as and competing with that of the firm, he shall account for and pay to the firm all profits made by him in that business.
Second hand stocks/shares are traded with: (Common platform for trading)
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
A company wants to list on the Bombay stock exchange. Which of the following processes will result in this?
Amazon and Flipkart are examples of:Â
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated in...
Premium income for the year is ₹240 crore, evenly earned. As at year-end, unexpired risk is 50% of premium. Calculate UPR to be carried forward.
What is the interest rate charged on loans given under the PM Vishwakarma Scheme to artisans?
Which of these is a primary objective of financial reporting?
The primary objective of Cash Management is to:
Offering a cash discount to customers for early payment of their invoices will likely:
