Which of the following statements regarding bank guarantees is true?
Bank guarantee is a financial instrument issued by a bank to ensure payment or performance obligations on behalf of a customer. A bank guarantee is a contractual agreement between a bank (issuer) and a customer (beneficiary), where the bank undertakes the responsibility to make payment or perform obligations in case the customer fails to fulfill its contractual obligations.
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
Interest payable u/s 234C is computed at
Sales turnover and profit during two years were as follows.
In 2003:
Sales: Rs 1.40.000
Profit: Rs 15,000
In 2004:
<...Consider the following journal entry:
In what circums...
1 Auditing begins where ______ ends.
If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
How much amount of exemption is allowed for gratuity if received at the time of retirement?
With reference to the service sector in India, which of the following statements is/are incorrect?
I. The share of Se...
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
Which type of reinsurance involves one particular risk and is expressed in a reinsurance policy, with each transaction negotiated individually and offer...
