Question
What is the primary purpose of the Indian Financial
System Code (IFSC code) issued to International Banking Units (IBUs) as per the March 2024 IFSCA circular?Solution
The IFSC codes mentioned in the circular are to be used exclusively for cross-border remittances to IBUs and must not be used for domestic payment systems like NEFT or RTGS.
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital? Â
The Udyam Registration Certificate can be obtained by which types of business entities?
If a company declares dividends after the balance sheet date but before financial statements are approved, AS 4 requires that:Â
A’s acceptance to B for Rs. 5,000 is discharged by a cash payment of Rs.3000 and a new bill is drawn for the balance plus Rs.100 for interest. The am...
X acquired a car on hire purchase basis and made a down payment of Rs. 1,00,000. Subsequent payments to be made are Rs. 2,63,000, Rs. 1,85,000, and Rs. ...
According to the Executive Committee of the General Insurance Council, what is the minimum amount of unexpired risk reserve required for Marine Insurance?
Cost of goods sold will be:
What is the CAPM?
A shipping company is required by law to bring all ships into dry dock every five years for inspection and overhaul. What is the correct treatment for t...
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
