Question
Select the correct active form of the given
sentence. He was given another chance by his employer.Solution
In this case, the employer is the one giving the chance, so the employer becomes the subject in the active voice and correct tense form is used
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
X and Y are partners sharing profits in the ratio 3:2. Z is admitted for 1/5th share in future profits, and he brings goodwill of ₹50,000 in cash. The...
Value of supply under section 15(1) is:
An insurance company collects premium of ₹12,00,000 for annual policies starting 1 October 2024. The accounts close on 31 March 2025. According to IRD...
CSR is a _________.
For demand drafts, pay orders, or banker’s cheques of ₹50,000 and above, which requirement must be fulfilled as per banking guidelines?
Time of supply means
What is the maximum aggregate withdrawal/transfer limit per month for a Small Account where full KYC has not been completed?
A property has Gross Annual Value ₹2,40,000. Municipal taxes paid ₹40,000. Standard deduction is 30%. What is the income from house property?
Which section of the Income Tax Act defines the term Assessee?
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