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Composite supply is a supply of goods or services in which the principal supply is inseparable from one or more ancillary supplies. The principal supply is the supply that is essential to the nature of the composite supply. The ancillary supplies are the supplies that are naturally bundled with the principal supply and are provided in conjunction with it in the ordinary course of business. In the case of doctor's service with medicines, the doctor's service is the principal supply. The medicines are the ancillary supply. The medicines are naturally bundled with the doctor's service because they are necessary for the doctor to provide treatment to the patient.
The term "Goods" under GST does not include:
Donation received by Non-Profit Organization for constructing college library is called:
Transactions are posted into Ledger Account from
Which of the following statements are true or false?
(i) Direct material cost: Cost of the material that can be directly allocated to a cost cent...
Which type of insurance contract provides a guaranteed payout to the policyholder regardless of the occurrence of the insured event?
Goods costing ₹ 1,00,000 were insured for ₹ 50,000. Out of these goods, ¾ are destroyed by fire. The amount of claim with average clause will be:
Which accounting method is used for long-duration insurance contracts under IND AS 104?
Which of the following sectors does NOT apply operating costing technique?
Ricky Ponting, an Australian Cricket Player visits India for 90 days in every financial year. This has been his practice for the past 11 financial years...
The costs which were incurred in the past and ignored under capital budgeting are known as_____.
