If a person has made an entry in a book of accounts kept by him in the course of his business and he dies subsequently, can the entries in book of accounts be taken into consideration under s.32?
S. 32. Cases in which statement of relevant fact by person who is dead or cannot be found, etc., is relevant. –– Statements, written or verbal, of relevant facts made by a person who is dead, or who cannot be found, or who has become incapable of giving evidence, or whose attendance cannot be procured without an amount of delay or expense which under the circumstances of the case appears to the Court unreasonable, are themselves relevant facts in the following cases: –– (2) or is made in course of business. –– When the statement was made by such person in the ordinary course of business, and in particular when it consists of any entry or memorandum made by him in books kept in the ordinary course of business, or in the discharge of professional duty; or of an acknowledgement written or signed by him of the receipt of money, goods, securities or property of any kind; or of a document used in commerce written or signed by him; or of the date of a letter or other document usually dated, written or signed by him.
XYZ Radiology Centre acquired a new imported X-ray machine for Rs.10,50,000. Octroi paid on the machine was Rs. 5,000. Expenses of setting up and start...
Company XYZ has purchased a new machinery to expand its production capacity. This purchase of Fixed Asset will _________
The value of supply should include:
What is the journal entry for charging Depreciation under Cost Method?
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
SA 500 deals with which of the following?
Long term assets without any physical existence but, possessing a value are called
Annual Return is to be filed by every company within ________ days of its Annual general meeting.
Who among the following can issue Certificate of Deposits to raise short term resources?
According to Payment of Bonus Act 1965, what is the minimum bonus in case of an adult payable?