Question
CC limit ₹80 cr. Audit finds ₹25 cr used for purchase of land. Current ratio has fallen from 1.6 to 1.1. What is the most serious inference?
More Basic Accounting Concepts Questions
- The application of audit procedures to less than 100% of items within a population of audit relevance is:
- What is a Private Placement?
- As per AS- 2 what should be the valuation of inventory from the following information: Purchase Price = 2000 Trade Discount = 200 Cash Discount = 100 Deliv...
- PQR Ltd consumes a minimum of 1250 units in 4 weeks while the average rate of consumption per week is 625 units. If it takes 4 weeks on average for the sup...
- 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 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...
- A company shows Net Profit of ₹12 crore, Depreciation ₹8 crore, Increase in Receivables ₹10 crore and Increase in Payables ₹4 crore. What is the Net Cash f...
- A borrower has good past track record, moderate leverage, but current industry is in cyclical downturn and cash flows are under stress for next 12 months. ...
- The Investor and Education Fund is established by the Central Government under ______ of the Companies Act, 2013. The Chairman of this fund is __________.
- What would be the real rate of interest If the money discount rate is 19% and Inflation is 12%
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