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Section 64 and 65 of Indian Contract Act 1872.
Corporate & Other Laws
answered on 15-Jun-22 12:16
It is stated under this provisions that , a party who elects to rescind a voidable contract and has enjoyed any benefits outoff such contract ; is liable to restore such benefits ! Do this provision would be waived by an expressed stipulation or provision by contractual parties , within contract ? Because usually general norms can be waived by expressed provisions !
latest answer
Basically voidable contract is terminated by the aggrieved party in order to regain the things which was taken by force But there is a provision in undue influence that the regain of benefits under the contract is subject to the order of court and also the aggrieved party can waive his right of regain of subject matter So it can be made possible in undue influence more than any other contract caused by fraud coercion etc..
Varun Mulay
CA Final
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HUF
Direct Taxation
answered on 15-Jun-22 10:30
While creating a HUF can the properties in the name of member be registered in the name of HUF? Or only ancestral property is eligible? For example 3members, husband ,wife and 1child are forming a HUF now can the properties in the names of the members be registered in the name of HUF ?
latest answer
Yes. Individual property can be transferred to HUF
Eswar K
CA Final
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508
Basics
Accountancy
answered on 17-Jun-22 14:38
What's the difference between inventory and purchases, aren't they both almost the same?
latest answer
When you purchase goods, the actual accounting entry that should happen is INventory Dr. To Creditor When the goods are sold Cost of Goods Sold To Inventory (For simplicity sake, we directly debit purchases account and treat it as an expense - academically)
Vaibhav Gupta
CA Final
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Stat
Maths & Stats
answered on 14-Jun-22 13:13
Pls solve this question
latest answer
Thanks ��
Be The Change
CA Inter
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2
452
Methods of costing
Costing
answered on 15-Jun-22 16:50
State the methods of costing followed: 1)crane manufacturing 2)Bridge construction 3)Road-roller manufacturing 4)Iron and steel manufacturing 5)Power generation company 6)Transport service 7)Hospitality serivice
latest answer
Thank you mam
Thanishq MVT2610
CMA Final
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Trial Balance and Journal
Accountancy
answered on 19-Jun-22 15:27
Sir / Madam, I request you please clarify the following (1)Provision for Bad and Doubtful debts - Asset Or Liability; Nominal or Real Account; Debit or Credit balance (2)Provision for Depreciation - Asset Or Liability; Nominal or Real account; Debit or Credit Balance (3)Opening Stock - Asset Or Expense; Nominal or Real account From the following information write the necessary journal entries (1) Amount receivable from Kumar Rs.4,00,000, written off as bad debts, nothing was realised from his estate (2) Amount receivable from Surya Rs.10,00,000, written off as bad debts, 6,00,000 was realised from his estate (3) Amount receivable from Charita Rs.20,00,000, written off as bad debts, 8,00,000 was not able to recover from his estate (4) Amount receivable from Amrutha Rs.10,00,000, Previously written off as bad debts, now realised (5) Amount receivable from Amith, Previously written off as bad debt,Rs.20,00,000, now realised Rs.14,00,000 From the following information write the necessary journal entries for the current year and next year Examples:- Current year - 2020 and Next Year - 2021 (1) Outstanding Salaries Rs.10,000 (2) Prepaid Insurance Rs.5,000 (3) Accrued interest Rs.7,000 (4) Commission received in advance Rs.8,000
latest answer
Nice explanation same diubt
Vijay Kumar Velagapudi
CA Foundation
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6
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Profit prior to incorporation
Accountancy
answered on 15-Jun-22 10:28
In case of date of certificate of incorporation and date of certificate of commencement is also given then which date should be considered for calculating time ratio?
latest answer
But in case of public company date of commencement is necessary
Hrishikesh Ransing
CA Final
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BCK
Economics
answered on 06-Jul-22 23:08
I think option D is correct but in Suggested Ans. C
latest answer
Option D
Jitendra Kumar
CA Final
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13
561
Demand
Economics
answered on 14-Jun-22 12:15
Which one is correct Pls explain
latest answer
Option C is correct, as the demand decreases price will also decrease
Jitendra Kumar
CA Final
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4
577
Elasticity of Demand
Economics
answered on 21-Jun-22 11:24
Pls solve this question
latest answer
Thank you sir
Jitendra Kumar
CA Final
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