Question
If the indorser signs his name and adds a direction to
pay the amount mentioned in the instrument to a specified person, the indorsement is said to beSolution
Section 16 of Negotiable Instrument Act - Indorsement “in blank” and “in full”—(1) If the indorser signs his name only, the indorsement is said to be “in blank,” and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the indorsement is said to be “in full”; and the person so specified “Indorsee”.—is called the “indorsee” of the instrument.
A company has Fixed Costs of â‚ą2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of â‚ą10,00,000. 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 â‚ą1,00,000. Sales â‚ą90,000. 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
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