Following is the Profit and Loss Account of Azad Ltd. for the year ended 31st March, 2017:
Question:
Following is the Profit and Loss Account of Azad Ltd. for the year ended 31st March, 2017:
Additional information :
Original cost of the Machinery sold was ~ 40,000. Depreciation on fixed assets as per Schedule II of the Companies Act, 2013 was ~ 3,42,000.
You are required to calculate managerial remuneration in the following situations :
(i) when there is only one whole-time director;
(ii) when there are two whole-time directors; and
(iii) when there are two whole-time directors, a managing director and a part-time director.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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