Question
Recently which of the following two privates sector bank
have got approval from the RBI to open a special Vostro account for trade in rupees and both the approvals are for trade with Russia?Solution
HDFC Bank and Canara Bank have got approval from the Reserve Bank of India (RBI) to open a special Vostro account for trade in rupees and both the approvals are for trade with Russia. So far five Indian banks — UCO Bank, Union Bank, and IndusInd Bank being the other three have received regulatory clearance for such trade. Aprt from these banks, two Russian banks — Sber Bank and VTB have also received RBI’s approval to have branches in India. Â
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
GAAP stands for:
Which of the following is a key principle of the "Canon of financial propriety"?
The format of the Financial Statement of a company is prescribed in:
A company manufactures goods with normal loss of 5%. In one batch, due to worker negligence, loss rose to 12%. At what level should inventory be valued?
The Miller-Orr Model is used to manage:
____________ = (sales value – variable cost)/ Sales value
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
