Start learning 50% faster. Sign in now
Section 16. Date from which and rate at which interest is payable: Where any buyer fails to make payment of the amount to the supplier, as required under section 15, the buyer shall, notwithstanding anything contained in any agreement between the buyer and the supplier or in any law for the time being in force, be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day or, as the case may be, from the date immediately following the date agreed upon, at three times of the bank rate notified by the Reserve Bank.
Which of the following formulae is correct for calculation of Cost of Goods Sold?
Which of the following is an example of “Non-current liabilities”?
Commuted pension, exempt for other than government employees (who do not receive gratuity), is under section _______.
Which of the following is NOT an advantage of Bonus issue by a company?
After adjusting the advance tax and tax deducted at source, the assesse would arrive at the amount of net tax payable or refundable. Such amount should ...
If a company sells its receivable to another party for collection, it is known as:
Standard Price (Standard Quantity – Actual Quantity) = ____________.
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
Which of the following statement is true in case of bonus issue?
Compute material purchased from the given information.
Opening stock of raw material = Rs. 1,00,000
Prime cost = Rs. 10,00,000
Dire...