Question
As per the Indian Accounting Standards, a company enters
into a lease for a building for 9 years, and the building's useful life is 10 years. The contract transfers ownership of the building at the end of the lease term. Determine the nature of this lease and how it should be treated in the books of the lessee.Solution
As per Ind-AS 116, if the lease term covers a major part of the asset life and ownership transfers, it's classified as a finance lease, recorded on balance sheet.
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
_______ is basically a trade in which imported goods are re-exported with or without any additional processing or repackaging.
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Nethanna Ku Bima insurance scheme is related which of the following state?
A form of whole-life insurance with a predefined number of premiums to be paid is known as?
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at...
