Question
Which of the following are off-balance sheet item in the
balance sheet of a bank or financial institution? i. Letter of credit ii. Bank Guarantee iii. Buyer’s credit iv Derivative contractsSolution
Off balance sheet (OBS) items refer to assets or liabilities that do not appear on a company's balance sheet but that are nonetheless effectively assets or liabilities of the company. In letter of credit, bank guarantee and derivative contracts there is no direct exposure by the bank, but in case of contingency there may a liability for the bank.
Which technology enables real-time, high-speed mobile transactions in M-Commerce?
Which among the following correctly describes Margin of Safety?
Which of the following techniques was developed by Kaplan and Norton?
Who generates contract on GeM?
Under Ind AS 116, a company leases an asset for 5 years. On transition, it recognizes a right-of-use asset and corresponding lease liability. However, t...
For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
A lender’s portfolio of unsecured retail loans shows a moderate uptick in 30-day delinquencies and a macro overlay indicating deterioration in borrowe...
An auditor resigns from a listed company. Within how many days must they file Form ADT-3?
As per the provision of Section 40 of the Companies Act, 2013, the commission paid or agreed to be paid does NOT exceed in the case of debentures _____o...
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
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