Question
According to the prudence concept, which of the
following should be provided for in the books of accounts?Solution
The prudence concept (or conservatism) dictates that all anticipated losses and contingencies should be provided for (e.g., provision for doubtful debts), but anticipated profits should not be recorded until realized.
Who can be the participants in the Call Money Market
1.   Scheduled Commercial Banks (excl Local Area Banks)
2.   Small Finan...
In India, Treasury bills (T-bills) are auctioned by _____
Based on the 2026 National Accounts Statistics, an economy has provided the following data for the current fiscal year (in ₹ Crores):
·  �...
What is the Cash Reserve Ratio (CRR) currently?
Commercial Papers (CP) is a money market instrument used to raise funds for a maximum of ____?
Since 2015, India has adopted Gross Value Added (GVA) at Basic Prices as the primary measure of economic activity by sector. What is the correct conce...
Commercial Papers (CP) is a money market instrument used to raise funds for at least ____?
Which of the following crit eria is/are used to d efine and categorise MSME s as per MSME D Act, 2006 ? Â
The debt instruments that help to raise money in local currency from foreign investors is called______
A highly-rated corporate borrower intends to issue a Commercial Paper (CP) to fund its working capital needs. To remain compliant with the latest RBI D...
