Question
Under which section of the Companies Act the Board and
other persons can make contributions to the National Defence Fund or any other fund as approved by Central Government for the purpose of National Defence.?Solution
The Board or any person so authorized to act on behalf of Board & Company in General Meeting may contribute any amount to National Defence Fund or any other fund as approved by Central Government for the purpose of national defence.The Company shall disclose the total amount of contribution to such funds in its Profit and Loss account during the financial year to which the amount relates.
Which of the following is an example of transaction in money under GST laws
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Which accounting standard governs the treatment of inventories in India?
The party who is entitled to receive the payment of a bill of exchange is called the:
Relevant for Exams:
