Question
Which of the following statements is true for cash basis
accounting?Solution
The correct answer is D. In cash basis accounting, revenue is recognized only when cash is received and expenses are recognized only when cash is paid. Therefore, revenue is not recognized when earned and expenses are not recognized when incurred.
What is meant by the term "market capitalization" in equity markets?
At what periodicity are banks are required to submit Basel III Liquidity return on Liquidity coverage ratio (BLR-I)?
An agreement to buy/sell a financial instrument at a fixed future date, that is sold over an exchange, is a/an ________
Calculate the operation cycle from the given data
A. Duration of Raw material stage
B. Duration of work in progress stage ...
What is the major difference between Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
If the beta of the market index is 1 and the standard deviation of the market index increases from 12% to 18%, what is the new beta of the market index?
Which of the following features best describes a Term Loan as compared to a Cash Credit facility?
A bank has failed to meet its obligation on account of a payment on due date due to its incapacity to pay. What kind of risk it is?
Which among the following may be defined as the cost of raising an additional rupee of capital?
According to sources, what is the value of the investment tied with the trade agreement between India and the four-member European Free Trade Associatio...
