Question
Which of the following is a common type of
nitrogen-fixing bacteria that forms a symbiotic relationship with leguminous plants?Solution
Explanation: Rhizobium is a genus of bacteria that forms a symbiotic relationship with leguminous plants, leading to the formation of nodules on the plant's roots where nitrogen fixation takes place.
Revenue should be recognized at the point of sale. Which principle is applied here?Â
Company’s cash book shows ₹1,20,000 (CR) as at year-end. Bank statement shows ₹1,05,000 (CR). Outstanding cheques total ₹20,000 and deposits-in-...
As per Companies Act, 2013, what is the minimum number of board meetings a company must hold in a year?
ICDS III deals with which of the following:
Post-merger, the acquirer reports a goodwill of ₹120 crore, 40% higher than the net assets acquired. Upon impairment testing, only ₹10 crore is reco...
Under RBI’s KYC Directions, which category of bank account is permitted to be opened with simplified documentation (relaxed KYC norms), subject to res...
The point at which the liability to charge tax arises is called as the Â
The Objective of ______ is to ensure that appropriate recognition criteria and measurement bases are applied to provisions and contingent liabilities an...
According to the Net Income Approach, what happens to the firm’s value as debt increases?
Who is called father of modern accountancy who also described the duties and responsibilities of auditor?
