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Payment based on Architect’s Certificate – If the contracts are small, full payment is usually made on the completion of the contract. But in case of large contracts, usually a system of progress payments is followed in which part payments of the contract amount are paid from time to time on the basis of the certificates issued by the architects, certifying the value of the work satisfactorily completed. Such payments are not entered in the contract account, rather are credited to the personal account of the contractee.
For Goods Transport Organisation, which of the cost will be regarded as Fixed or Standing Charges?
According to section 10 of Indian Contract Act, 1872, which of the following is not regarded as the essential elements of a valid contract?
Modigliani-Miller (MM) Approach is based on some assumptions. Which of the following is not an assumption of MM Approach?
Which of the following statements is true for cash basis accounting?
Family Pension is taxable under which head of Income?
For Assessment year 2020-21, A security ( other than a unit) listed in a recognized stock exchange, or a unit of equity oriented fund or a unit of the U...
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
What is the taxable event under GST?
The two basic measures of liquidity are?