Question
‘Trivial transactions can be ignored’. Which of the
following accounting convention is true in context of this statement?Solution
All the material information must be recorded and what is material is subjective, and depends on the organization in the question. Materiality Convention states that only the material/ significant transactions should be recorded and trivial transactions can be ignored.
In June _________, the Reserve Bank of India published a ‘Consultative Document on Regulation of Microfinance’.
How many types of the amendment are mentioned by the Indian Constitution as per Article 368?
There are two rectangular fields of same area. The length of first rectangular field is x% less than the length of the second field and breadth of the f...
The committee set up by the Government to review the pension scheme for government employees and suggest changes in the National Pension System (NPS), w...
Which of the following rivers originates from Aravalli range and disappears into Rann of Kachchh?
Entomophily pollination occurs with the help of:
What is the exit load for the Motilal Oswal Nifty India Defence Index Fund if redeemed within 15 days of allotment?
How many countries are members of the SAARC organization?
How many beneficiaries are covered in the Jal Jeevan mission?
