1. Current Ratio is 3•75, Acid Test Ratio is 1•25 Stock Rs. 3,75,000, calculate working capital.
(A) Rs. 3,00,000 (B) Rs. 4,00,000
(C) Rs. 4,12,500 (D) Rs. 4,25,000
Answer: Rs. 4,12,500

income tax

Income Tax Objective type Questions

Objective Questions in Income Tax
MULTIPLE CHOICE QUESTIONS (Finance Act 2008)

Directors meeting

Board to meet once in every three months
In the case of every company, a meeting of its Board of directors shall be held at least once every three months and at least four such meetings must be held every year.

appointment of directors

Minimum number of directors
Every public company ( other than a deemed public company ) must have at least three directors. Every other company must have at least two directors.

Types of meeting

A company is an association of several persons. Decisions are made according to the view of the majority. Various matters have to be discussed and decided upon. These discussions take place at the various meetings which take place between members and between the directors.