Question
What is the full form of ASBA
Solution
Applications Supported by Blocked Amount (ASBA) is a method developed by SEBI to block the funds for Initial Public Offer (IPO), Rights issue, Follow-on Public Offer (FPO) etc., applications. In ASBA, an IPO applicant's bank account doesn't get debited until they receive the allotment of shares
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What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...
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