Question
Which jurisprudential theory posits that law is a system
of social control mechanisms to regulate behaviour?Solution
Legal Realists emphasize law’s practical effects and its role as a social control tool in real-world contexts [Oliver Wendell Holmes Jr.].
Which item of revenue of the following is covered under Accounting Standard-9?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
The cost element that remains constant per unit but varies in total with the level of production is a:
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
Under the Expected Credit Loss (ECL) model, how are trade receivables without a significant financing component measured for impairment?
Which of the following leads to de-recognition of PPE under Ind AS 16?
After providing for ___________, Declaration of Dividends for the current year is made.
An asset costing ₹12 lakh, useful life 10 years, residual value ₹2 lakh. Calculate annual depreciation using straight-line method (SLM).
Which of the following represents ownership in a company?
No prospectus shall be valid if it is issued more than ______ days after the date on which a copy thereof is delivered to the Registrar under 26(4) of T...
