Question
When was the Cotton Corporation of India (CCI)
formed?Solution
Solution: The Cotton Corporation of India (CCI) was formed in 1970 to manage the challenges post-partition by ensuring stable cotton prices and supporting farmers through MSP operations.
A firm is considering replacing its old machine with a new one.
Old machine: Book value = ₹8L, Salvage = ₹2L
New machine: Cost = ₹20...
According to IND AS 115, when can revenue be recognized?
A project will be financed with a mix of equity and a concessional government loan carrying interest below market and a partial guarantee fee. The proje...
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A firm is considering replacing its old machine with a new one.
Old machine: Book value = ₹8L, Salvage = ₹2L
New machine: Cost = ₹20...
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