Question
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 treated in the Profit & Loss account of the bank?
More Basic Accounting Concepts Questions
- Which of the following best describes a Bridge Loan?
- A unit has Fixed Cost ₹40 crore. Variable cost is 60% of sales. What is the Break-even Sales?
- NPS is regulated by _____
- Consider the following and select which of them forms a part of capital receipts for the GoI I.  ...
- Using the same data, what is the Current Ratio and its credit inference?
- The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
- Rights shares are given only to those shareholders who own the company’s shares on ……….
- Based on the same balance sheet data, the credit officer also wants to compute the capital gearing level of the borrower. Debt consists only of the term lo...
- Which of the following is eligible for appointment as an auditor of a company?
- A large borrower shows acceptable ratios, adequate security, but repeated governance issues, frequent management changes and adverse audit remarks over las...
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
