Question
An entrepreneur is setting up his new business. He
purchases some equipment. He also takes insurance on the equipment for which the premium is paid for 6 months even though the business is yet to commence operations. The equipment cost and insurance for 6 months is start up cost for the entrepreneur. For the business, the insurance paid isSolution
Paying insurance premium is a prepaid expense for the business as it is paid in advance.
Till when shall the President and every other Member of the Tribunal shall hold office from the date on which he enters upon his office as per the Comp...
For more than three years (unsecured) doubtful advances, provision will be made for
How much amount of exemption is allowed for gratuity if received at the time of retirement?
Which portal monitors outstanding dues to MSEs?
Which of the following concepts says that the business is different and the owner is different?
Which of the following book is both a journal and a ledger?
A company has current liabilities of ₹5 lakh and current assets of ₹6 lakh. Inventory is ₹2 lakh. What is the quick ratio?
If an entity revalues its land upward and this is the first time revaluation is being done, how is the increase treated under Ind AS 16?
What is the maximum curing temperature for onions in field conditions for 3-4 days?
Donation given by any person except by Indian company to Political Parties or Electoral Trust is allowed under which section?
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