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Start learning 50% faster. Sign in nowSection 31. "Contingent contract" defined: A "contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
As per the Union Budget 2024-25, the Long-Term Capital Gains (LTCG) tax rate under sections 112A and 112 has been revised to _____
ABC Ltd. is evaluating a project requiring an initial investment of ₹50 lakhs. The project is expected to generate cash flows of ₹15 lakhs per year ...
What is the shareholder’s total return, if the shareholder has purchased a share when the market price is Rs.50, and sold after a year to Mr. B at Rs....
In accordance with Ind AS 2, explain how the item should be measured:
One of Company's product lines is beauty products, particularly cosmetics s...
A firm is considering replacing its old machine with a new one.
Old machine: Book value = ₹8L, Salvage = ₹2L
New machine: Cost = ₹20...
Mr. Bhandari purchased a car for 50,000, making a down payment of 10,000 and signing a *40,000 bill payable due in 60 days. As a result of this transact...
Which of the following budgets is considered the primary budget prepared in a business organization?
Project A has NPV ₹8 lakh, IRR 15%. Project B has NPV ₹6 lakh, IRR 17%. If cost of capital is 12%, and projects are mutually exclusive, which should...
Raman Ltd. is evaluating a new machine costing ₹60 lakhs with a useful life of 5 years. The expected annual operating cash inflows (after-tax) are ₹...
The rule for nominal accounts is
