Which among the following are NOT qualified to be appointed as auditor of a company? a. An individual who is a Chartered Accountant and holds a Certificate of Practice as per CA Act, 1949 b. A limited liability partnership firm, which has all partner as Chartered Accountants c. Officer or employee of the company who […]
Assertion (A): Indian Accounting Standards contain same ‘carve outs’ and for convergence with IFRS with some changes applied in India Reason (R): Financial Statements prepared in India with Indian Accounting Standards will not be IFRS compliant
a. Capital profits can never be disturbed as dividends to the shareholders b. Dividends are paid out of profits and therefore, do not affect the liquidity position of the firm c. Every company should follow the policy of low dividend payment d. Walter’s model suggests that dividend payment does not affect the market price of […]
Sales of a firm are Rs. 40 lacs Variable costs Rs. 10 lacs Fixed costs Rs. 15 lacs Interest Rs. 5 lacs