Question
Which of the following statements about Asset
Reconstruction Companies (ARCs) is correct?Solution
ARCs are primarily set up to acquire NPAs from banks and financial institutions, with the aim of recovering the funds through restructuring, auctioning, or selling the assets.
A budget that is continuously updated by adding a new accounting period when one is completed is called a:
What is the full form of ISDN:
Which of the following is an example of how departmentalisation allows for suitable costing methods?
A company issues 10,000 shares at ₹100 each at a premium of ₹20. ₹80 (including premium) is received on application. How is the premium accounted?
BankCo holds debt securities:
• Portfolio A: Government bonds held to collect contractual interest/principal.
• Portfolio B: Corporate...
What is the rate of Tax Deduction at Source for a foreign company getting dividend from units of mutual fund for the assessment year 2021-22?
Section 80EEB of the Income Tax Act provides deduction on:
Capital structure of a firm influences the:
Which of these is not an example of a capital receipt?
A listed company did not appoint a woman director on its Board. During audit, you find non-compliance continuing for 6 months. What is implication?
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