Question
If the realisable value of security held by a bank is
less than what percentage of the exposure, the asset is treated as unsecured (loss asset)?Solution
According to IRAC norms, if the realizable value of security is less than 10% of total exposure, the asset is treated as unsecured, which calls for 100% provisioning.
Who among the following can issue Certificate of Deposits to raise short term resources?
After providing for ___________, Declaration of Dividends for the current year is made.
Factory overheads are absorbed at 20% of direct wages. Direct wages = ₹1,00,000, actual overheads = ₹22,000. What is the overhead variance?
A company has the following capital structure:
• Equity: ₹60,00,000 (Cost of Equity = 15%)
• Debt: ₹40,00,000 (Pre-tax cost = 10%)...
Donations made to the PM CARES Fund are eligible for deduction under which section of the Income Tax Act?
Shyam Ltd. acquired a new machinery for ₹ 1,00,000 that is depreciable at 20% as per AS 6 WDV method. The machine has an expected life of 5 years with...
In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?
Which section of balance sheet shows ‘deferred tax liability’?
What is the minimum quorum required for a general meeting of a public company having 10,000 members?
What is the name of the AI-based initiative launched by the NCW to promote digital literacy among women?
Relevant for Exams:
