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Practice Accounts Questions and Answers

Which of the following is the correct definition of hedge ratio?
1. Which of the following IND AS deals with revenue from contracts with customers?
The relationship between the operating income and earnings per share is known as
1. If the exchange rate between the Indian Rupee and the Japanese Yen is ₹1 = 1.44 ¥, then 1,000 ¥ equals ₹____.
A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number o...
1. A trader wants to hedge their portfolio, which has a value of 20,00,000 by using S&P 500 futures contracts. The current price of one S&P 500 futu...
1. What is the lock-in period for ELSS (Equity Linked Savings Scheme) to be eligible for a deduction under Section 80C of the Income Tax Act in Indi...
A Credit Note is the basis for recording a transaction in which of the following?
A mutual fund has the following assets and liabilities: Assets: Stocks: $100 million Bonds: $50 million Cash: $10 million Liabilities: A...
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed O/H absorption rate is 1.5 per unit, what is the break even point in Qty if the budge...
Classify the following under the respective head in balance sheet: Items: I. Current maturities of long-term debt II. Debentures III. Uncalled lia...
Which of the following portals was recently launched by IRDAI for grievance redressal?
What is the primary purpose of the "Canon of financial propriety"?
Which of the following is a key principle of the "Canon of financial propriety"?
What best describes a Bank Guarantee?
In a Bank Guarantee transaction, which parties are typically involved?
What is the primary purpose of a Bank Guarantee?
What is the key function of a Letter of Credit (LC) in international trade?
In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?
Which is not a characteristic of corporate social responsibility?
___________, the greater will be its social prestige.
CSR is a _________.
Which of the following banking transactions involves the lending of money to individuals or businesses in exchange for interest payments and the promise of...
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
When a customer deposits a check into their bank account, what type of transaction is taking place?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
What type of banking transaction allows a customer to temporarily invest their money with the bank in exchange for higher interest rates, but with limited ...
What banking transaction involves the exchange of one currency for another at the prevailing exchange rate?
Which banking transaction provides a secure location for customers to store valuable items such as documents, jewelry, or collectibles?
What type of banking transaction allows customers to invest in a diverse portfolio of stocks, bonds, and other securities?
What does a SWIFT Code primarily identify in international banking transactions?
In international wire transfers, which role does a SWIFT Code play for the sender and the beneficiary?
What was a significant factor contributing to the decline in Average Revenue per User (ARPU) in the Indian telecom industry?
Which major factor led to high levels of debt among Indian telecom operators?
Which telecom operator consolidation occurred in the Indian telecom industry, leading to a reduced number of major players?
What was a key issue related to regulatory challenges in the Indian telecom industry?
What is the main focus of Railtel Corporation of India?
What does the term "NEFT" stand for in the context of Indian banking?
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
What is the purpose of a "CIBIL score" in the context of banking in India?

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