Question
A bill discounted or purchased (with recourse) by a bank
becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?Solution
As per IRAC norms, any bill purchased or discounted (with recourse) becomes NPA if it is overdue beyond 90 daysfrom the due date.
An investment costs ₹50,000 and generates ₹15,000 annually for 5 years. What is the Payback Period?
A company has the following capital structure: Equity ₹40 lakh, Preference ₹10 lakh, Debt ₹20 lakh. Cost of equity = 15%, cost of preference = 10%...
A public company with paid up capital of Rs.10 crore or more, can appoint an individual as an auditor maximum for ________ consecutive years.
A catastrophe event occurs after year-end but before approval, affecting many policies. How should the insurer treat it?
An oil company constructs a drilling platform at a cost of ₹200 crore. It estimates a dismantling cost of ₹30 crore at the end of 25 years. The pres...
What is the main purpose of the Central KYC Records Registry (CKYCR) in India?
Under the PMEGP scheme, what is the maximum project cost permitted in the manufacturing sector?
Which of the following is an example of how departmentalisation allows for suitable costing methods?
What is the maximum limit of gratuity payable, under the Payment of Gratuity Act, 1972?
As per the Companies Act, 2013, which of the following companies must appoint a full-time Company Secretary?
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