Question
Cheques which have been written by the maker, and dated
at some point in the past are known as ________.Solution
'Antedate' A date entered on a legal contract orĀ checkĀ that is prior to the actual date of occurrence
If nothing is given in the financial statements about the threeĀ accountingĀ assumptions, then it is to be treated as it. Ā
A company purchases machinery for ā¹10 lakhs and incurs ā¹1 lakh on its installation. The accountant records the total ā¹11 lakhs under the fixed ass...
If a financially stressed company raises funds through a preferential issue of shares (under SEBI relaxations), what will be the impact on its Debt/Equi...
A company chooses not to record a small calculator worth ā¹500 as a fixed asset. Which concept is being applied?
A firm sells Product A (ā¹50/unit, VC ā¹30/unit) and Product B (ā¹100/unit, VC ā¹60/unit) in ratio 2:3. Fixed costs = ā¹4 lakh. Calculate BEP sales...
Which of the following banking transactions involves the lending of money to individuals or businesses in exchange for interest payments and the promise...
Which form is used for preparing the Profit and Loss Account of an insurance company carrying out life insurance business under the IRDA Regulations, 2002?
Shortage in material can be due to normal reasons or due to abnormal reasons.
Which of the following will be regarded as shortage due to abnormal reason?
In respect of income from house property, the collection charges are allowed up to a maximum of:
This kind of audit is conducted generally between two annual audit ______.
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