Question
In which set of regulations are the specified forms
(e.g., Form A - BS, Form B - BS Form A – RA, Form B – RA etc.) provided for insurance company reporting?Solution
The specified forms for insurance company reporting, such as Form A - BS, Form B - BS Form A – RA, Form B – RA, Form A - PL and Form B - PL, are provided in the IRDA Regulations, 2002. These regulations outline the reporting requirements for insurance companies in India.
A company’s gross profit margin remains stable, but its net profit margin shows significant fluctuations year over year. The finance team wants to inv...
From the following, calculate the Operating Profit Ratio: Net Sales ₹5,00,000, Cost of Goods Sold ₹3,00,000, Operating Expenses ₹1,00,000, Non-ope...
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
A firm’s balance sheet shows:
• Current assets: ₹400 lakh
• Current liabilities: ₹250 lakh
• Inventory: ₹100 lakh
...A high Inventory Turnover Ratio, in comparison to industry average, may indicate:
ABC Ltd.’s net profit is ₹1 crore. Its equity is ₹5 crore. The return on equity (ROE) is:
Company A has a current ratio of 1.2:1 and quick ratio of 0.9:1. It also has significant inventory holding. What does this indicate about the company’...
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...
A company has the following: Sales ₹10,00,000; Variable cost 60% of sales; Fixed cost ₹1,20,000. Contribution margin = ? Break-even sales = ?
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