The principle of "substance over form" emphasizes that the economic reality of a transaction should be considered more important than its legal or accounting treatment. In the scenario described, where rights and beneficial interest have been transferred even though documentation and legal formalities are pending, recognizing the transaction as a sale and purchase reflects the substance of the transaction, as opposed to just the legal form.
A Private Company can raise funds in how many ways _____________________
Which of the following accounting standards deals with "Net Profit or loss for the period, prior period items and changes in the Accounting Policies"?
In order to convert a proposal into a promise the acceptance must be:
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
Which of the following is not an operating system software?
Which type of insurance contract provides a guaranteed payout to the policyholder regardless of the occurrence of the insured event?
Compute material purchased from the given information.
Opening stock of raw material = Rs. 1,00,000
Prime cost = Rs. 10,00,000
Dire...
As per Income Tax Act, Children education allowance is exempt upto?
GSTN is a -----------
