Question
__________ village of Gujarat state will become the
first of its kind to be the fully solar powered village of the country.Solution
The village has a total geographical area of around 2,436 hectares and is located on the banks of the Pushpavati river. Over 1,300 rooftop solar systems with 1kW capacity have been installed on houses to generate electricity which is free of cost. Both the central and state governments have invested more than Rs 80 crore in this solar-development project in two phases.
A company enters into a contract to construct a specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated tot...
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...
For which of the following, Specific Act is applicable for preparation and presentation of financial statement?
An insurance company invests a large portion of its funds into corporate bonds rated BBB. After a sudden downgrade to junk status, the insurer faces los...
While determining the Material Cost, _______ is not deducted from the purchase price.
It is treated as interest and finance charges. It is ignored.
SA 315 requires understanding the entity and its environment, including internal control, to identify risks of material misstatement. A new auditor is e...
Section 4(1) of the Payment of Gratuity Act, 1972, provides that gratuity shall be payable to an employee on the termination of his employment after he ...
What does Miscellaneous Insurance encompass?
As per the Union Budget 2025–26, under the MSMED Act, 2006, to be classified as a medium enterprise, the annual turnover should be up to:
Anil and Baldev are partners sharing profit and losses in the ratio of 3: 2. Anil's capital is ₹ 60,000 and Baldev's capital is ₹ 30,000 before adju...
