Question
EBIT is usually the same thing as:
Solution
EBIT means Earnings before Interest and tax. It usually refers to the operating profit of the company as it is arrived at by reducing the net sales by cost of goods sold (COGS) and operating costs.
Interest payable by a non-corporate assessee for deferment of advance tax is
A person employed to do any act for another or to represent another in dealings with third person is called:
Parent Co. acquires 80% of Subsidiary Co. for ₹16,00,000 when Subsidiary’s net assets are ₹15,00,000. At acquisition, the fair value of minority i...
Which of the following best defines a Shell Bank under RBI KYC directions?
All the following state taxes have subsumed under the GST EXCEPT:
With respect to receipt and payments account, which of the following statement is incorrect?
As per AS 13, long-term investments are carried at cost. When a permanent diminution in value occurs, the carrying amount must be reduced and the reduct...
Fair value gain on equity instruments at FVOCI (no recycling) creates a temporary difference. How is deferred tax treated?
Current years’ proposed dividend will be:
All else being equal, an infusion of additional equity capital into a company will generally:
