Question
In tort law, which of the following is an essential
element of negligence?Solution
Explanation: Negligence in tort requires: 1.A duty of care owed by the defendant to the plaintiff, 2.Breach of that duty, and 3.Resulting damage or injury to the plaintiff. •Motive, malice, or intention are generally not necessary elements in negligence.
A company chooses not to record a small calculator worth ₹500 as a fixed asset. Which concept is being applied?
Sales book is kept to record:
Which Ind AS/AS prescribes principles for borrowing costs (capitalisation)?
GSTN is a -----------
A company issued 1,00,000 shares of ₹10 each at a premium of ₹2 per share, payable ₹3 on application, ₹4 on allotment (incl. premium), balance o...
What is the standard deduction allowed on income from salaries under New Tax regime of Income Tax as announced in the Union Budget 2024-25?
An annuity that starts at a predetermined date in the future is called as:
SA 500 deals with which of the following?
Which accounting standard provides guidance on how to account for foreign currency transactions and the effects of changes in foreign exchange rates on...
What is the primary objective of the Insolvency and Bankruptcy Code (IBC) in India?
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