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Commerce Legal Aspects Of Business Difficulty: Medium

Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them: Country Type of Agreement a. Austria 1. Limited Agreement b. Bahamas 2. Comprehensive Agreements c. Lebanon 3. Comprehensive Agreements/Limited Multilateral Agreement d. Sri Lanka 4. Tax Information Exchange Agreement Choose the correct option from those given below: Match the items of List-I with items of List-Il and indicate of correct matching List-I List-II a. Principle of separate entity 1. Valuing plant and machinery at cost less depreciation b. Principle of conservatism 2. Recording punctuality and honesty of an organization's employees c. Principle of money measurement 3. Capital contributed by proprietor is shown as liability in the balance sheet d. Historical cost concept 4. Valuing inventories at cost or market price whichever is less What do we mean by 'consent' under the Indian Contract Act, 1872? Which of the below is not a component of ULIP premiums? What items of inventories are outside the scope of AS-2? 1. Work-in-progress arising under construction contracts. 2. Raw materials including maintenance supplies. 3. Share, debentures held as stock-in-trade. 4. Machinery spares exclusively used with fixed assets. Select the correct answer: