Question
Which base year is used for the calculation of GDP in
India currently?Solution
Currently (as of January 2022), the base year being used for estimating GDP is 2011-12 This current base year ‘2011-12’ is due for revision as the base year is to be revised every 5 years. However due to abnormal incidents in past few years, including demonetisation, GST introduction, COVID, the base year has ot been revised till date.
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
In the absence of Partnership Deed, partners are entitled to:
Use of cash to underrate a capital expenditure in an organisation involves an outflow of cash. This transaction will be reflected in the Cash Flow State...
With effect from ______, the historic indirect tax reform- GST was introduced in India.
During the year 2016-17, the profit of the business before charging manager's commission was Rs. 1,89,000. If the manager's commission is 5% after charg...
Which of the following are needed for the analysis of the financial statements of a company?
The primary rule of double-entry book-keeping is:
According to Ind AS 16, if the cost of dismantling a plant in future is ₹5 lakh, and there's a present obligation, how should this be treated?
A company measures its financial asset at amortised cost. It earns fixed interest and has no intention to sell before maturity. Which Ind AS permits thi...
Current years’ proposed dividend will be:
