Question
According to the Contract Act who can become an
Agent?Solution
Contract Act Section 184. Who may be an agent: As between the principal and third persons, any person may become an agent, but no person who is not of the age of majority and of sound mind can become an agent, so as to be responsible to his principal according to the provisions in that behalf herein contained.
GH Ltd took a term loan of Rs.24 crore for a period of 20 years to be repaid in equal annual instalments. The interest is 10% p.a. on reducing balance. ...
If net income is ₹10 lakh and number of equity shares is 2 lakh, what is the EPS?
Which of the following statements about Mortgage are not true?
1. Under a mortgage, the legal ownership of the asset can be transferred ...
Under which of the following head will repayment of loan be shown in a cash flow statement?
The PBT of a company is 2,00,000, preference dividend Rs.25,000, and taxes paid Rs.15,000. The number of equity shares is 1,00,000. The earnings per sha...
A company has current assets ₹6,00,000, inventory ₹2,50,000, prepaid expenses ₹50,000, and current liabilities ₹3,00,000. Calculate the quick ra...
Which of the following ratios is very important to assess the eligibility of a borrower for a Term Loan?
The ratio of a firm’s property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is an estimate of:
Which of the following statement is true regarding standard costing?
All its JV IT Ltd has total current assets worth ₹9,00,000, of which inventory is ₹2,00,000. Current liabilities stand at ₹5,60,000. What will be ...
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