Question
The concept of average due date is used for which of the following? (i) For calculating interest on drawings of partners (ii) For settling accounts between principle and agent (iii) For settling contra accounts e.g. where parties sell goods to each other (iv) For making lump sum payment against various bills drawn on different dates with different due dates
More Accounts Questions
- In context of Goods and Service Tax, what does CTP represent?
- Which of the following reduces free cash flow to firm (FCFF)?
- Which of the following is an example of non-cash investing and financing activity that must be disclosed separately?
- Standard labour hours for producing 1,000 units = 2,000 hours at ₹60/hour. Actual output = 900 units, actual hours worked = 1,950 hours, and actual wage ra...
- A company values inventory at lower of cost and NRV. Cost per unit = ₹150, NRV per unit = ₹140. For 5,000 units, calculate value as per Ind AS 2.
- Which of these is considered a contingent liability?
- Interest capitalization must cease when:
- Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What is B...
- In the CAPM model, the expected return is expressed as: E(R)=Rf+β(Rm−Rf) Here, what does the risk-free rate (Rₓ) represent or compensate the investor for...
- As per the Nayak committee, what percentage of its annual projected turnover should an MSME get as working capital from a bank?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)