Question
According to the Evidence Act when the language used in
a document is plain in itself, but is unmeaning in reference to existing facts____Solution
Section 95. Evidence as to document unmeaning reference to existing facts–– When language used in a document is plain in itself, but is unmeaning in reference to existing facts, evidence may be given to show that it was used in a peculiar sense.
If a purchase return of ₹1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ a...
Which statement is incorrect in the context of comparative financial analysis?
A firm’s net sales are ₹5 crore, and cost of goods sold is ₹3.5 crore. Inventory at the start of the year was ₹80 lakhs and at the end ₹1.2 cr...
A company reports Current Assets ₹6,00,000, Current Liabilities ₹3,00,000, Inventory ₹1,20,000, Cash ₹60,000. What is the company’s Quick Rati...
A firm has sales of Rs. 50,00,000, variable costs of Rs. 30,00,000, and fixed costs of Rs. 10,00,000. It has debt of Rs. 20,00,000 at 10% interest. What...
While preparing cash flow statement, an entity (other than a financial institution) should disclose the dividends received from its investment in shares...
What does the Basic Defense Interval ratio measure?
A company earns ₹20,00,000. Capitalisation rate is 10%. Equity capital is ₹1,00,00,000 (₹10 each). Dividend payout ratio is 40%. According to Walt...
A company’s share is currently quoted at a market price of ₹120 per share. The company is expected to pay a dividend of ₹12 per share in the next ...
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...