Mr. X had purchased some goods from M/s ABC Limited on credit. A credit period of one month was allowed to Mr. X. Before the due date Mr. X went to the company and wanted to repay the amount due from him. He found only Mr. Z there, who was the factory supervisor of the company. Mr. 2 told Mr. X that the accountant and the cashier were on leave, he is in-charge of receiving money and he may pay the amount to him. Mr. Z issued a money receipt under his signature. After two months M/s ABC Limited issued a notice to Mr. X for non-payment of the dues within the stipulated period. Mr. X informed the company that he had already cleared the dues and he is no more responsible for the same. He also contended that Mr. Z is an employee of the company to whom he had made the payment and being an outsider, he trusted the words of Mr. Z as duty distribution is a job of the internal management of the company.
Analyse the situation and decide whether Mr. X is free from his liability.
December 22, 2024
Mr. Anil formed a One Person Company (OPC) on 16th April, 2018 for manufacturing electric cars. The turnover of the OPC for the financial year ended 31st March, 2019 was about 2.25 Crores. His friend Sunil wanted to invest in his OPC, so they decided to convert it voluntarily into a private limited company. Can Anil do so?
This ans valid? In this question for provision is 2 year or turnover base but in module any page couldn't turnover or 2 year about so I have doubt.
What is currect ans for this question?
December 22, 2024
Accountancy September foundation question answers please
December 22, 2024
Anyone have new compiler for QA latest
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Gys MTP's download Q nhi hore hai ye sirf mere saath hora hai ya sab ke saath!?
December 22, 2024
Any study partner here?
December 22, 2024
What the answer and explain how it done
December 21, 2024
O3 ka kya answer hoga
December 21, 2024
Guys ye rectification of error ka practical problem question 1 hai iska solution bta do
December 21, 2024
Yaar mujhe kaise study karna hai vo toh pata hai but mai confused rehta hu aur daily ke targets nahi pura kar pata? So any bode guide me
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