Question
Which of the following is not true about
partnership?Solution
Partnership Act S. 5 PARTNERSHIP NOT CREATED BY STATUS.  The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
ICDS IV primarily deals with which aspect of financial reporting
CBDT full form:
A company has the following inventory data for a product:
• Opening Stock: 500 units @ ₹50
• Purchases: 1,000 units @ ₹55
�...
 Calculate EOQ from the data given below and select the correct answer from the options given below:
As per Section 127 of the Companies Act, 2013, in relation to punishment for failure to distribute dividends, where a dividend has been declared by a co...
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
The liability of a sole proprietor is:
Aqua Ltd. just declared the earnings of Rs. 23 per share. The company is involved in the manufacture of cars. The average PE of electronics industry is ...
As per Schedule III of the Companies Act, 2013, long term provisions are shown –
A Ltd owns land and building which are carried in its balance sheet at an aggregate carrying amount of 10 million. The fair value of such asset is 15 mi...
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