Question
What is an "acceptor for honour" in the context of a
bill of exchange?Solution
Section 7 “Acceptor for honour”.— 4 [When a bill of exchange has been noted or protested for non-acceptance acceptance or for better security, and any person accepts it supra protest for honour of the drawer or of any one of the indorsers, such person is called an “acceptor for honour”.
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
What is the charging section under CGST Act, 2017
How much amount of exemption is allowed for gratuity if received at the time of retirement?
Calculate the number of employees in the beginning and at the end of the year from the following information.
Labor turnover rate = 2%
No....
The DuPont Analysis uses the following ratios except:
Which of the following functions are not performed by servers?
A company values inventory at lower of cost and NRV. Cost per unit = â‚ą150, NRV per unit = â‚ą140. For 5,000 units, calculate value as per Ind AS 2.
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
If net profit is â‚ą1,20,000 and total sales is â‚ą8,00,000, what is the Net Profit Margin, as per Vertical Analysis?
Find the gross profit based on the following information.
Opening stock â‚ą10,000
Credit purchase â‚ą50,000
Cash purchase â‚ą60,000...
