On 1st April, 2023, Green Limited started the construction of an Office Building (qualified asset). The land under the building is regarded as a separ
Well Wear Limited is a Textile Manufacturing Company and engaged in the production of Polyester (P) and Nylon (N). While manufacturing the main produc
Following is the summarized Balance Sheets of Z Limited as on 31st March, 2024: Particulars (₹) EQUITY AND LIABILITIES: Share Capital Equity shares of
Constructions Limited is engaged in the business of constructing Flyovers and Railway over bridges. It obtained a contract from Railway Authorities to
The following information is provided for Aarambh Limited: Particulars 31st March 2023 (₹) 31st March 2024 (₹) Profit and Loss a/c 5,400 (Dr.) 37,800
Intelligent Limited and Diligent Limited are carrying their business independently for last two years. Following financial information in respect of b
The Balance Sheets of Art Limited and Craft Limited as on 31 March 2024 are as below: Particulars Note No. Art Limited (₹) Craft Limited (₹) I. Equity
Colour Limited leased a Machine to Red Limited on 1 April, 2021 on the following: Cost of the machine ₹18,00,000 Lease term 3 Years Fair market value
On 1 April 2023, ABC Limited has given the following information: Particulars Amount (₹) 50,000 equity shares of ₹ 100 each (₹ 80 paid up by all share
Following information are available in respect of Z Limited as on 31 st March, 2024: Equity shares of ₹ 100 each: ₹ 500 lakhs General Reserve: ₹ 100 l
Smart Limited is an Indian Company and has its Branch at New York. The following balances in respect of Smart Limited's USA Branch office are provided