Question
How should fees and commissions earned by banks through
debt renegotiations or rescheduling be recognized?Solution
According to the given information, fees and commissions earned by banks as a result of debt renegotiations or rescheduling should be recognized on an accrual basis over the period of time covered by the renegotiated or rescheduled extension of credit. This means that the fees and commissions should be recognized gradually over the duration of the renegotiation or rescheduling period, reflecting the actual earning of the bank as the process unfolds.
Who is the present Finance Minister of India?
In January 2023, which bank led the banking system in fresh credit card issuances ahead of market leader HDFC Bank?
The Objective of ‘Make in India’ programme is:
Which Indian state's traditional attire, 'Risa,' has been awarded the Geographical Indication (GI) registration, signifying its unique identity and qual...
What is the chemical formula for the aldehyde group?
The finance ministry has granted additional borrowing permission of Rs 7,309 crore to two states for the power sector, which are these two states?
Which of the following images during the French Revolution stood for the symbol of Eternity?
When is a startup company considered a unicorn?
Find the correct chemical formula of nitromethane.
Black cotton soils are extensively found in –