Mr. Bhandari purchased a car for 50,000, making a down payment of 10,000 and signing a *40,000 bill payable due in 60 days. As a result of this transaction:
This transaction involves the purchase of a car for 50,000. The down payment of 10,000 reduces the cash (asset) by 10,000, but it increases the car (asset) by 50,000. The bill payable of 40,000 represents a liability, as it's a debt that needs to be paid. So, the net effect is an increase in assets (car) by 40,000 and a corresponding increase in liabilities (bill payable) by 40,000.
A government company is a company in which __________% of the paid up share capital is held by the central government, or by any state government
As per the Prevention of Corruption Act, 1988, whoever attempts to commit an offence referred to in section 13(1) (a) shall be punishable with imprisonm...
According to Sales of Goods Act, 1930. Where a contract of sale is not severable and the buyer has accepted the goods or part thereof
Central Government may appoint how many Inspectors to investigate the affairs of an LLP?
"Wrongful gain" is defined as __________ under IPC
Which of the following actions constitutes forgery?
What powers does the Supreme Court possess as a court of record?
Precept is defined under which section of CPC?
If the indorser signs his name and adds a direction to pay the amount mentioned in the instrument to a specified person, the indorsement is said to be
Vested interest is :