Question
The Indian Accounting Standard (Ind A
- S 1 deals with the requirements for presenting general purpose financial statements consisting of the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Statement of Cash Flows . Which Ind AS specifically governs the preparation and presentation of the Cash Flow Statement?
More Basic Accounting Concepts Questions
- An MSME has projected turnover of ₹300 crore. As per 20% norm, margin is 5%. What is the Maximum Bank Finance under Turnover Method?
- A borrower submits Stock ₹120 crore and Debtors ₹80 crore. Margin is 30% on stock and 50% on debtors. Obsolete stock ₹20 crore and debtors over 180 days ₹3...
- Which of the following is not true about nominal capital?
- A term loan installment and interest both remain overdue for more than 90 days. However, interest has been serviced once during this period but principal r...
- Using the same balance sheet data (Equity 40, Reserves 20, Term Loan 60, Current Liabilities 40), the bank wants to evaluate the long‑term solvency positio...
- An asset bought at Rs.10 lakh was sold for Rs.4 lakh after 3 years. What is the depreciation charged on the asset per year as per straight line method?
- What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
- 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...
- Rights shares are given only to those shareholders who own the company’s shares on ……….
- What is LIBOR?
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
