Question
When the shares are issued for consideration other than
cash which account will be debitedSolution
When shares are issued for consideration other than cash, the company typically issues these shares in exchange for assets, services, or settling a liability. In such cases, the account representing the party from whom the assets or services are received, or the liability is settled, is debited. This is usually the Vendor Account, as it records the entity providing the assets or services.
When was General Insurance Corporation established?
What is a stale cheque?
Exim Bank was established in the year
Which of the following rates signals the RBI’s long-term outlook on interest rates?
What is the full form of MDR ?
__________ is the ability of commercial banks to increase their deposits by expanding their loans and advances.
KYC used in the Banks in India, the main aim for using KYC in bank is_____
Which committee is formed for the Banking Supervision?
Bandhan Express will provides connectivity between which of the following two countries?Â
In ___________ different languages amount of a bank note is written on it.
