Question
Every Nidhi Company shall, within a period of one year
from the commencement of the Nidhi Rules 2014, ensure that it has _______________Solution
Section 5 Â for minimum number of members, net owned fund etc.: (1) Every Nidhi shall, within a period of one year from the commencement of these rules, ensure that it has:Â (a) not less than two hundred members; (b) Net Owned Funds of ten lakh rupees or more; (c) unencumbered term deposits of not less than ten per cent of the outstanding deposits as specified in rule 14; and (d) ratio of Net Owned Funds to deposits of not more than 1:20.
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
A Treasury Bill (T-Bill) is a:
Which of the following represents ownership in a company?
Which of the following accounting rules can roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in o...
With respect to Job Costing, which of the following statement is incorrect?
Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20% on cost. Closing Inventory = ?
Under section 194D of the Income Tax Act, 1961, what is the rate of Tax Deducted at Source (TDS) on insurance commission, if the payee is a domestic com...
Which form is used to claim ITC in GST returns?
In Zero-Based Budgeting (ZBB), the budget for each activity is:
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
...
