The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply. The said time limit is (CMA INTER G1 - IDT)
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32%
1 year
14%
5 years
31%
3 years
23%
3 Months
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The term 'proposal' used in the Indian Contract Act is synonymous with the term(CMA FOUNDATION - LAW)
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7%
Contract
78%
Offer
13%
Agreement
2%
None of these
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Cost of acquisition of self-generated asset is nil, the exception is: (CMA INTER G1 - DT)
Anonymous Quiz
28%
Goodwill
9%
Route permit
60%
Bonus shares acquired before 01-04-2001
3%
Loom hours
For Return of Excess Materials from Production Department to Stores, the document used is (CMA INTER G1 - COSTING)
Anonymous Quiz
34%
Material Return Note
21%
Stores Debit Note
5%
Shop Credit Note
40%
All the above (same)
Interest on delayed compensation or enhanced compensation is taxable: (CMA INTER G1 - DT)
Anonymous Quiz
34%
On accrual basis
28%
On receipt basis
14%
Exempt from tax
23%
As per method of accounting of the assessee.
Input Tax credit as credited in Electronic Credit ledger can be utilized or (CMA INTER G1 - IDT)
Anonymous Quiz
19%
Payment of Interest
17%
Payment of penalty
5%
Payment of Fine
59%
Payment of Taxes
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CMA Foundation Free Lectures Business Laws Sales of Goods Act SOGA Lec 01
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CMA Foundation Free Lectures Business Laws Sales of Goods Act SOGA Lec 01
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A contract consist of (CMA INTER G1 - LAW)
Anonymous Quiz
74%
Mutual promises or agreement enforceable by law
18%
Agreement not enforceable by law
2%
Involuntary obligations
7%
None of the above
Which of the following is NOT related to a Standard List of Materials and Components? (CMA INTER G1 - COSTING)
Anonymous Poll
43%
Consumption Statement
25%
Bill of Materials
27%
Material Specification List
5%
Material List
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A Counter offer is (CMA FOUNDATION - LAW)
Anonymous Quiz
18%
An invitation to treat
17%
An acceptance of the offer
57%
A rejection of the original offer
8%
A bargain