Explanation.—For the purposes of this sub-regulation, the term "demutualised" means that the ownership and management of the applicant is segregated from the trading rights or clearing rights, as the case may be, in terms of these regulations.
The loss of profit policy normally covers the following items:
(a) Loss of profit
(b) Standing charges
(c) Any increased cost of wo...
We can say that the business is in profit, when:
Nitin acquired a machine in exchange of an old machine and paid ₹ 20,000 in cash. The carrying amount of the old machine was ₹ 2,00,000 whereas its ...
Which of the following is not an objective of management accounting?
No prospectus shall be valid if it is issued more than ______ days after the date on which a copy thereof is delivered to the Registrar under 26(4) of T...
Under Section 146 of the Companies Act 2013, an auditor has a right to attend any general meeting:
The most difficult type of misstatement to detect fraud is based on __________.
Following information has been provided by a contractor for the year ending 31-3-2020.
(a) Total expenditure till 31-3-2020 is Rs. 5,000.
...
With respect to AS: 19 (Leases), which of the following statement is incorrect?
Following data has been extracted from the records of BCG Ltd. Machine hours: 8,00,000 (Maximum), 3,00,000 (Minimum). Manufacturing Overheads (₹ in la...
