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Start learning 50% faster. Sign in nowAs per S.7 of Indian Contract Act, 1872 S.7. In order to convert a proposal into a promise, the acceptance must- (1) be absolute and unqualified; (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted. If the proposal prescribes a manner in which it is to be accepted, and the acceptance is not made in such manner, the proposer may, within a reasonable time after the acceptance is communicated to him, insist that his proposal shall be accepted in the prescribed manner, and not otherwise; but if he fails to do so, he accepts the acceptance.
Which ICDS deals with Accounting Policies?
Under which activity would the payment of dividend be classified as, in a cashflow statement?
Family Pension is taxable under which head of Income?
The cost incurred for an additional product is known as ________
What does “Inhwa” in management perspective refer to?
If a long-term investment suffers a permanent decline in value, how should it be accounted for under AS 13?
Which of the following items does NOT appear under 'Current Assets' in a Balance Sheet?
Goods costing ₹ 1,00,000 were insured for ₹ 50,000. Out of these goods, ¾ are destroyed by fire. The amount of claim with average clause will be:
Debt financing is sometimes preferred by the corporate due to the fact that:
Which of the following is NOT classified as a financing activity under AS 3?
