Question
A borrower submits stock of ₹100 crore and debtors of
₹60 crore. Audit reveals slow-moving stock of ₹35 crore and debtors over 180 days of ₹25 crore. Margin prescribed is 25% on both. What is the correct supervisory action?Solution
Slow stock + old debtors are ineligible → DP must be recomputed downward.
What is the maximum loan amount available under the Pradhan Mantri Vishwakarma Scheme?
If the amount of any known liability cannot be determined accurately, then:
To go to the journal vouchers present in gateway of tally > accounting vouchers through function key in Tally, ERP 9 press:
On 1st Jan, X Ltd. purchased machinery from USA for $50,000 when exchange rate was ₹75/$ = ₹37,50,000. At balance sheet date (31st March), rate = �...
Wh ich of the following best describes "Drawing Power" in context to a Cash Credit facility given by a bank ?
Concurrent audit is a part of:
Which source of finance typically has the lowest cost of capital?
Which of the following statements correctly describes the Risk-Based Supervision (RBS) framework of RBI?
Which of the following is shown under investing activities in the cash flow statement ?
A loan granted for short duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for ________
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