Question
If a partner earns some profit for himself from the
business of the firm?Solution
As per The Indian Partnership Act, 1932 Section16 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. Â
If there exists a specific sports fund, the expenses incurred in relation to sports activities will be taken to:
Accounting has been referred to as the__________of business.
What is the loan amount and tenure under the second tranche of finance provided through PM Vishwakarma Scheme?
ORACLE is an example of:
Which of the following taxes will be levied on imports?
Inventory valuation under Ind AS normally uses which of the following basis?
 The work of one clerk is automatically check by another clerk is called _________.
Which accounting treatment is appropriate for assets given on finance lease (lessee perspective) under Ind AS?
In credit risk modeling, which of the following elements must be assessed to calculate the potential expected loss faced by a bank?
1. Probabilit...
Bonus issue is also known as
