Question
Owners’ equity is shown as the liability in the balance sheet. This is based on the accounting concept:
More Basic Accounting Concepts Questions
- Recently RBI approved five banks to work with it on a pilot project for its digital currency -- the Digital Rupee, which of the following is not in the lis...
- The Indian Accounting Standard (Ind AS) 1 deals with the requirements for presenting general purpose financial statements consisting of the Balance Sh...
- An account classified as Sub-standard has accrued interest of ₹1.2 crore during the year, which has not been actually received. How should this interest be...
- A sub‑standard asset of ₹50 crore consists of secured portion ₹35 crore and unsecured portion ₹15 crore. As per RBI provisioning norms, secured portion att...
- A unit has Total Current Assets ₹200 crore and Current Liabilities (other than bank) ₹60 crore. As per MPBF–I, minimum margin is 25% of TCA. What is the Ma...
- A company shows the following balance sheet figures (₹ in crore): Equity 40, Reserves 20, Term Loan 60, Current Assets 80 and Current Liabilities 40. The b...
- The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
- An MSME unit has projected annual turnover of ₹240 crore. As per the 20% working capital norm, total working capital requirement is taken at 20% of turnove...
- Which of the following document provides details of tax and non-tax revenue receipts and capital receipts and explains the estimates?
- A bank’s exposure to steel sector is already 18% of total advances against internal cap of 15%. A new steel project proposal of ₹300 crore is otherwise fin...
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
