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MENTOR
COMPANY LAW
Make place for Master Balak on the board
CAN Mr Balak, a minor, be appointed as a director of MRN (P) Ltd? Section 274 deals with disqualification of directors. Section 274(2) permits a private company to provide that a person shall be disqualified for ...
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ACCOUNTANCY
Apply standards to problem situations
HERE are a few multiple-choice questions on Accounting Standard 18: 1) Significant influence is: a) control of the financial policy decisions of an enterprise; b) control of the operating policy decisions of an ...
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At a loss to understand how a loss can be an asset
WHY is accumulated loss shown under assets side of the balance sheet? N. Seshadri, e-mail This may appear bizarre given the fact that losses by no stretch of imagination can be termed as assets. By the same ...
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MANAGEMENT
Check if your entrepreneurship engine is alive and kicking
FOR Adam Smith, there were only three factors of production — land, labour and capital. Then somebody said, let's give credit to enterprise. As a latecomer, perhaps, enterprise gets talked about less. But the ...
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Living expenses, bulging bills and dented budgets
STORY so far: It is when Chandru, Kiran and I meet that I realise the lacunae in accounting. On one side are managers who have to take decisions and need information that would be relevant, but on the other ...
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TRENDS
BUSINESS-A-VERSE
Opposites
BOOKS
Numbers need to make sense in financial reports
PATEL Co incurred an inventory loss in the second quarter owing to a fall in market price. However, it is expected that the price would return to previous level by the end of the year. While preparing interim income ...
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CARTOON
Cartoon Corner
Send your cartoons to: Cartoon Corner, Mentor, Business Line, Post Box 316, Chennai-600002.
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