Question
An entrepreneur is setting up his new business. He purchases some equipment. He also takes insurance on the equipment for which the premium is paid for 6 months even though the business is yet to commence operations. The equipment cost and insurance for 6 months is start up cost for the entrepreneur. For the business, the insurance paid is
More Financial Management Questions
- A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an audit...
- Income received by an individual as a gift of ₹60,000 from a friend residing in India is:
- Two primary qualitative characteristics of financial statements are
- A senior manager facilitates an open discussion between two conflicting department heads, acknowledging both perspectives without imposing a solution, and ...
- The difference between the Standard Cost of actual output and the Actual Cost incurred is the:
- JAM Trinity has played a significant role in the process of inclusive development in our country. Which of the following correctly describes JAM Trinity?
- Which of the following types of credit facilities is most suitable for an MSME requiring financing to maintain inventory levels, receivables, and working c...
- What does ‘R’ in CRILC stand for?
- Consider the following statements about Credit Rating Agencies (CRAs) in India: 1. CRISIL Ltd. is primarily promoted by Standard & Poor's. 2. ICRA ...
- A quality management system where Improvement of quality is through small, incremental improvements, this type of quality management system is called?
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)