Question
Consider the following statements regarding the
financial center of Shanghai: 1) Shanghai is the largest city in China and the economic hub of the country. 2) Shanghai is a popular location for foreign banks and financial institutions due to its favorable business environment. Which of the statements given above is/are correct?Solution
Shanghai is the largest city in China and an important center of finance, trade, and commerce. It is the economic hub of the country and the financial center of China. Many foreign banks and financial institutions have set up operations in Shanghai due to its favorable business environment. Therefore, both statements 1 and 2 are correct.
What is the maximum number of companies in which a person can hold directorship?
AEPS stands for ______________.
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
While preparing a Cash Flow Statement using the Indirect method as required under AS 3, which of the following will not be deducted from/added to the Ne...
SA 230 standard refers to:
Rs 9,00,000 incurred on advertising to introduce a new product line is a:
The accounting rule, "Debit all ___________, credit all gains & income" pertains to ____ accounts.
If the profit is 25% of the cost price, then it is:
For an NBFC-MFI (Microfinance Institution), what is the minimum proportion of its assets that must be in the form of microfinance loans?
An entity has Equity Share Capital (equity shareholders’ funds) of ₹10,00,000, Preference Share Capital of ₹4,00,000, and Long-term Debt of ₹6,0...
