Question
Consider the following statements related to Mutual
Delegation of Functions between center and state: 1. The President may, with the consent of the Central government, entrust to that government any of the executive functions of the state. 2. The governor of a state may, with the consent of the State government, entrust to that government any of the executive functions of the centre. Which of the above statements is/are correct?Solution
• Statement 1 is incorrect: the President may, with the consent of the state government, entrust to that government any of the executive functions of the Centre. • Statement 2 is incorrect: Conversely, the governor of a state may, with the consent of the Central government, entrust to that government any of the executive functions of the state
Under cash basis accounting, revenue is recorded when:
Who is the regulator of the corporate sector?
Which of the following is not regarded as Time adjusted or Discounted Cash flows technique of capital budgeting?
X Ltd. provides you the following information to calculate P/V ratio.
Fixed cost = Rs. 40,000, Break-even point = Rs. 1,00,000
Which of the following is not a tool of financial statement analysis?
As per the Matching Concept in accounting:
Financial statements are based on which cost concept that does NOT reflect the current market situation?
An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
The Companies Act 2013, contains ________.
In MS Excel, the 'VLOOKUP' function is primarily used to:
Relevant for Exams:
