MR. SINGH AS YOUR PROFILE SAYS, YOU ARE A CHARTERED ACCOUNTANT. BUT I WONDER WHY YOU ARE ASKING SUCH BASIC QUESTIONS?? IT MAKES ME THINK SUSPICIOUSLY ABOUT THE LEVEL AND STANDARD OF YOUR KNOWLEDGE.
Dear Mr. Deepak Gupta, This forum is for the extension of knowledge. One may ask question for himself or he can also ask questions that may be useful for others.
I asked this question(in student section) coz I think that it is important for the students who are going to appear in May 2010 exam.