Question
What is the limitation period for enforcing payment of
money secured by a mortgage?Solution
Limitation Act Part V—Suits Relating To Immovable Property: Article 62” To enforce payment of money secured by a mortgage or otherwise charged upon immovable property the period of limitation is twelve years from the time when the money sued for becomes due.
At the end of the accounting year the capital expenditures are shown in the:
Which of the following commodities are kept outside the scope of GST?
(i) Fresh milk and pasteurised milk
(ii) Soyabeans seeds
(iii...
When a minor admitted to the benefits of a partnership attains majority, within how many months must they decide whether or not to continue as a partner...
If a financially stressed company raises funds through a preferential issue of shares (under SEBI relaxations), what will be the impact on its Debt/Equi...
A company pays insurance premium of ₹24,000 for 12 months in advance in March 2025 for the period January 2025 to December 2025. The accountant record...
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
ABC Ltd. has fixed operating costs of ₹50 lakh and interest cost of ₹20 lakh. It earned EBIT of ₹80 lakh on sales of ₹200 lakh. Calculate the op...
Depreciation starts on a machine from the date:
_______ are denominated in GBP (Great Britain Pound) and issued in London. Issue proceeds can be used to fund UK operation.
In a processing unit, 1,000 units are introduced in Process A. 100 units are normal loss, and 50 units are abnormal loss. Cost incurred is ₹10,000. Wh...