(i) Define the expression "Accounting Standards" within the meaning of Companies Act, 1956. (ii) XYZ Limited did not prepare its Balance Sheet as at 31st March, 2005 and the profit & Loss Account for the year ended on that date in confirmity with some of t...
Consequently, corporate governance, both on a country- and firm-level, was considered a highly relevant success factor for the internationalisation of African firms during the interviews, in addition to commercial aspects. The following section establishes the meaning of successful internationalisation from...
6. (a) During the accounting year 2005–06, XYZ Limited to which the Payment of Bonus Act, 1965 applies, suffered heavy losses. The Board of Directors of the company decided not to pay any bonus to its employees. The employees moved the court for relief. Referring to the provisi...
Many of the general policies are implicit and innocuous, but when it comes to brand they pose a hindrance to a true brand policy and the brands are always looked at as unfavorable from the corporate accounting angle. The prudence principle is applied in accounting standards of a company and ...
The complaints urged the Registrar in seize the accounting books and records of the company so that the Directors may not be able to tampter the same. You are required to state the powers, if any, of the Registrar in this respect. 7 (0) 6. (a) XYZ, ...