Question
Due to which concept, accounting does not record
non-financial transactions?Solution
Accounting does not record non-financial transactions because of the money measurement concept . This concept states that only transactions that can be expressed in monetary terms can be recorded in the accounting records. Non-financial transactions, such as the appointment of a new manager or the development of a new product, cannot be expressed in monetary terms and therefore are not recorded in the accounting records.
Which of the following PSB has become the second most valuable bank recently in terms of market capitalisation ?
Which NBFC has made a tie up with State Bank of India for co-lending arrangement to lend to a priority sector.
Bank of Maharashtra reported a _______per cent jump in its standalone net profit at Rs 165 crore in the quarter ended March 31, 2021.
A type of prospectus issued by companies making multiple issues of securities for raising funds is called:
Which of the following public sector bank has announced to finance 1000 entrepreneurs in Nagaland through a partnership with Business Association?
Which of the following are not the types of Retail Loans?
1.   Home Loans
2.   Car Loans
3.   Education loans
In which Indian state is the Pongal festival widely celebrated?
Differential Rate of Interest Scheme (DRI) limits: The maximum loan provided under the DRI scheme is Rs. ____ by way of term loan and/or working capital.
Which among the following funds of the mutual fund invests primarily in other schemes of the same mutual fund or other mutual funds?
What is the investment limit for Foreign Portfolio Investors (FPI) in government securities (Gsecs) as announced by the RBI for the fiscal year 2024-25?
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