Question
A s per which concept, total Notional profit should not be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to meet any unforeseen future expenses or contingencies?
More Basic Accounting Concepts Questions
- A borrower has limits of ₹50 crore from Bank A and ₹40 crore from Bank B without consortium arrangement. The borrower diverts stock financed by Bank A to B...
- Calculate the valuation of closing stock using simple average method from the following information: · 100 units purchased for 20 each · 20...
- A project has an installed capacity of 1,00,000 units. The break‑even sales level is estimated at 55,000 units and expected sales are projected at 70,000 u...
- SEBI has divided the Non-institutional Investors (NII) category into two based on the application size for book-built IPOs. What proportion of NIIs has bee...
- In macroeconomics, 'Core Inflation' refers to inflation calculated after excluding which categories of goods, owing to their high price volatility?
- NPS is regulated by _____
- A manufacturing unit has Raw Material holding of 60 days, WIP of 30 days, Finished Goods of 45 days and Receivables of 75 days. Payables period is 60 days....
- Based on the following information- calculate the initial investment in the project. Cost of machine = Rs. 54,00,000 Installation charges = Rs. 12,000 S...
- A company shows an increase in Fixed Assets of ₹30 crore during the year. During the same period, Working Capital decreases by ₹10 crore and a fresh Term L...
- What is the maturity period for Treasury Bills?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)