Question
Which among the following criterion are required to be
fulfilled for an asset to be classified as a Current Asset?Solution
An asset shall be classified as current when it satisfies any one of the following criteria: a.   It is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle b.   It is held primarily for the purpose of being traded c.    It is expected to be realized within 12 months after the reporting date, or d.   It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date All other assets shall be classified as non-current .
Which Indian town, established by Rabindranath Tagore and known as the "abode of peace," has been included in UNESCO's World Heritage List?
“Maitri Diwas or Friendship Day” is celebrated on which day to mark the day on which India recognised newly-formed Bangladesh in 1971.
Alipay Singapore Holding is going to sell its entire 3.44 per cent stake in Zomato which will help raise__________ .
What is the primary purpose of Qualified Institutional Placement (QIP) for listed companies?
How many individuals were identified as extremely poor under Kerala’s Extreme Poverty Eradication Programme?
Match the following nuclear power stations with their correct locations:
(I) Narora Atomic Power Station                 (1) G...
Identify the correct pair for SIDBI’s founding date and headquarters.
What is the title of the book authored by Srinath Raghavan, chronicling Indira Gandhi’s political years?
Khadi and Village Industries Commission (KVIC) has cancelled the “Khadi Certification” of its oldest Khadi Institution named ...
Government compiles estimates of rural and urban income, in terms of Per Capita Net Value Added (NVA), only in the base year of the Gross Domestic Produ...
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