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Q. What is Demands For Grants?
The budget proposals of the expenditures to be met out from the "Consolidated fund of India" should be presented in the form of Demands for Grants. Parliament has got the powers to assent or to refuse to assent or to reduce the amount proposed by the Railway Ministry during the course of discussion on Railway budget. Such powers are exercised to cut motion. The voted part of expenditures together with the charged appropriation are presented to the parliament in the form of Demands for Grants.
PROVABLE DEBTS All debts and liabilities present or future, certain or contingent, are provable in bankruptcy, except: 1) Claims for unliquidated damages in tort; 2) Debts
Generally Accepted Accounting Principles (GAAP) are guidelines for companies to follow as tehy prepare and issue financial statements. Let's start by getting an understanding of wh
(a) IFRS 8 Operating segments requires that segmental information be provided by listed entities. Clearly FGH is looking to list and hence IFRS 8 will be applicable. The disclosure
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Equitable apportionments There are five leading cases where the courts have laid down rules to meet specific situations in which there is a conflict of interest between life tena
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Defunct Companies A company may be dissolved under s.338 without winding up if the registrar has reasonable cause to believe it is defunct: The procedure is: a. Registrar writ
Loan stock in subsidiary The holding company may also invest in the loan stock of the subsidiary company or part of the loan stock of the subsidiary company. The cost of the loa
How is Accounting information useful to A prospective Investor?
Find the annual reports of the acquiring firm and answer the following questions for the five years before merger took place I) What information is provided about merger a
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