Question
In a documentary credit transaction, what is the
significance of the 'expiry date' mentioned in the letter of credit?Solution
The expiry date in a documentary credit specifies the latest date by which the exporter must present the required documents to the bank in order to receive payment. If the documents are presented after this date, the exporter may not receive payment under the terms of the letter of credit.
Current years’ proposed dividend will be:
In which option does the macros feature in MS PowerPoint 2010 exist?Â
In statistics, the measure of central tendency most affected by extreme values is:
Under written down value method of Depreciation, the WDV of the asset is always:
Company A sold machinery having a WDV of â‚ą 40 lakh to Company B for â‚ą 50 lakh (FV â‚ą 50 lakh) and the same machinery was leased back by Company B T...
Which of the following is not a taxable income under the head “Income from Other Sources”?
Under Section 146 of the Companies Act 2013, an auditor has a right to attend any general meeting:
National Insurance Company reported a total premium collection of â‚ą800 crore for FY2023. During the same period, the company paid out claims amounting...
Entity owns a building, part leased to tenants, part used for admin. How should it account?
While calculating equivalent completed/production units, which of the following statement is incorrect?
