Question
What is the maximum balance that can be allowed at any
time in case of the Basic Savings Bank Deposit Accounts?Solution
The total credit should not be more than Rs 1 lakh in a year in the BSBDA accounts whereas the maximum balance at any point of time should not be more than Rs 50000. The cash withdrawals and transfers in a month should not be more than Rs 10000 in a month. Foreign remittances will not be allowed in such accounts before completing the normal KYC facilities. These accounts are normally valid for 12 months and can be extended for a period of another 12 months in case the account holder submits the proof regarding application for the KYC documents.Â
GST is a consumption of goods and service tax based on
Which of the following bank-financed facilities is NOT classified as NPA even when other credit facilities of the same borrower are classified as NPA?
Which of the following statement is incorrect with respect to Valuation of Inventories?
What is the minimum Capital adequacy Ratio (CAR) requirement for a scheduled commercial bank as given by RBI?
In relation to appointment of auditors under the Companies Act, 2013, which of the following statements are correct?
(i) Section 129 of the Compa...
In relation to Accounting Standards, Which of the following statement is incorrect?
If a purchase return of ₹1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ 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 bu...
₹200 paid as wages for erecting a machine should be debited to:
Securities Premium Reserve can be used for:
