Question
What is a 'Red Clause Letter of
Credit'?ÂSolution
The "Red Clause" (originally written in red ink) permits the beneficiary to avail an advance for purchasing raw materials/packing before the actual shipment.
A person invests ₹50,000 at 12% p.a. compounded annually. Find the compound value after 3 years.
A company chooses not to record a small calculator worth ₹500 as a fixed asset. Which concept is being applied?
Which of the following income is agricultural income—
On purchase of old furniture, the amount of ₹1,000 spent on its repair should be debited to:
An entity sells a factory building held for 20 years. The legal title transfer occurs on 30 September; economic control passed and risks transferred on ...
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?
Read the following information to answer the below questions:
Application for cancellation of registration shall be submitted electronically in Form ______.
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
A Trial Balance contains the balance of:
Relevant for Exams:
