Question
Depreciation is charged on fixed assets to comply with
which of the following accounting principle?Solution
The Matching Principle states that expenses should be recognized in the same period as the revenues they helped to generate. In the case of fixed assets, they are acquired to help generate revenue over a period of time. Thus, their cost should be allocated as an expense over their useful life, rather than being recognized as a one-time expense in the period of purchase.
Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –Â
RBI has been using CAMELS based supervision for banks. Which of the following is not included in CAMELS?Â
With the information given below, what is the Equity Multiplier of a firm?Â
Total Assets of the firm = 200,000
Total Debt =50,000...
Which of the following is considered Non Tax Revenue of the Govt., of India as projected in the Union Budget?
Which of the following does not determine the exchange rate?
An account in which trading of shares is done? Â
National Financial Switch is run by whom ?
Which of the following statement/s is/are NOT correct about Limited Liability Partnership (LLP)?Â
i.            LLP is a not a s...
The most active segment of the Money Market in India is which one of the following?
What is the primary purpose of a cashbook?Â
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