Question
As per Partnership Act, in which of the following cases
partners have the duty to indemnify the loss caused to the firm?Solution
As per s.10 of the Partnership Act, loss caused to the firm by fraud of partners is to be indemnified by the partners. It is their duty.
Net Working Capital (NWC) is defined as:
In insurance accounting, what is "unearned premium"?
In a manufacturing company, which of the following best represents a preventive control?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in Qty if the budgeted units are 1,00...
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
What financial ratio measures the number of days a company can cover its cash expenses without relying on external financing for a certain period?
Time of supply means
In case of companies depreciation on assets are provided on the basis of -……
Depreciation is generally provided on:
A company’s Balance Sheet includes: Equity ₹25 lakh, 10% Debentures ₹10 lakh, Land ₹20 lakh, Plant & Machinery ₹10 lakh, Inventory ₹5 lakh, ...
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