LIFO (Last-In-First-Out) is a method of inventory valuation where the cost of the last goods purchased or produced is assumed to be the cost of goods sold first. However, Accounting Standards do not permit the use of LIFO in inventory valuation. This is because LIFO results in the reporting of lower profits and lower taxes during inflationary periods, which can lead to inconsistent financial reporting across companies. Instead, companies are required to use either FIFO (First-In-First-Out) or weighted average cost method for inventory valuation in accordance with the Accounting Standards.
As per the Companies Act, 2013 a Company means_____________
The preference shares should be redeemed with in a period of
What is the minimum number of members required to form a public company?
Which of the following is an exception to the doctrine of privity of contract rule _______________?
A Red Herring Prospectus does not the include information related to __________
A Public Company is a company which has a minimum paid-up share capital ____________
The Prospectus must be issued to the public within ______________ days after the date onwhich a copy thereof is delivered to the Registrar
In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -
What is the minimum and maximum number of directors required in a public company as per the Companies Act, 2013?
What will be the P/V ratio for the firm with the following sales and profit during last two years:
