Question
The State shall not confer a title on any citizen or
non-citizen except:Solution
Constitution of India Art. 18. Abolition of titles. (1) No title, not being a military or academic distinction, shall be conferred by the State. (2) No citizen of India shall accept any title from any foreign State. (3) No person who is not a citizen of India shall, while he holds any office of profit or trust under the State, accept without the consent of the President any title from any foreign State. (4) No person holding any office of profit or trust under the State shall, without the consent of the President, accept any present, emolument, or office of any kind from or under any foreign State.
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
Under AS 6, which of the following cannot be considered a method of depreciation?
A vehicle purchased for ₹8,00,000 has an estimated useful life of 5 years and a residual value of ₹1,00,000. Using the Straight-Line Method, the dep...
There are certain expenses that may be in the nature of revenue but their benefit may not be consumed in the year in which such expenditure has been inc...
Which method of depreciation is NOT recognized by the Companies Act, 2013?
A plant was purchased on 1st April 2021 for ₹5,00,000. Depreciation is charged at 15% p.a. under the WDV method. On 1st October 2023, the plant was so...
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
Under the Written Down Value (WDV) method, depreciation is:
Which of the following is NOT a method of charging depreciation?
Machine cost ₹10L, useful life 5 years, scrap value ₹1L. Using sum-of-years-digits method, depreciation for year 2 = ?
