Question
When did the RBI’s new Payments Regulatory Board (PRB)
officially come into effect?Solution
The PRB replaced the earlier BPSS following amendments to the PSS Act, 2007. These amendments were notified through the Finance Act, 2017 and officially came into force via Gazette Notification on May 6, 2025.
Read the following information to answer the below questions:Â
A company reported a net profit of ₹10 lakh. During the year, depreciation was ₹4 lakh, accounts receivable increased by ₹2 lakh, inventory decrea...
ICDS IV primarily deals with which aspect of financial reporting.
Which of the following statements is true for cash basis accounting?
…………… is the % by how much % can the sales drop down before the organisation start making losses
ABC Ltd. incurs direct material cost ₹8,00,000, direct labour ₹5,00,000, and factory overheads 60% of direct labour. Administration overheads are �...
XYZ Ltd. incurred R&D expenses of ₹20 lakhs for developing a new product. The product has not yet reached the commercialisation stage. How should the ...
Which is a non-discounting capital budgeting technique?
A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
Average Inventory = ₹12,000. Closing Inventory is ₹3,000 more than Opening Inventory. The value of Closing Inventory is _____.
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