Question
RBI made Legal Entity Identifier (LEI) mandatory for
cross-border transactions for capital or current account transactions of Rs 50 crore and above, from ___________.Solution
RBI made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October 1, 2022. The LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systems.
For every debit there will be an equal credit according to
Which of the following is not true about capital reserves?
Which of the following statement is incorrect?
An annuity that starts at a predetermined date in the future is called as:
State which statement is correct:
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
Interest coverage ratio can be numerically expressed in the form of the following equation:-
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Under cash basis accounting, revenue is recorded when:
Which of the following is an example of an adjusting journal entry?
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