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.
An auditor resigns from a listed company. Within how many days must they file Form ADT-3?
Which of the following is classified as financing cash flow?
A company is planning a capital raise of ₹20 lakh, with 60% from equity (cost 16%) and 40% from debt (cost 10%). If the tax rate is 30%, calculate its...
As per the Nayak committee, what percentage of its annual projected turnover should an MSME get as working capital from a bank?
Which of the following is not a payment product of NPCI?
A project has NPV of ₹5 lakh and standard deviation of cash flows is high. What does it indicate?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
Which of the following is NOT a direct party to a Letter of Credit (LC)?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
_________ is NOT a part of Monte Carlo Simulation.
