Question
Which committee was established by the Reserve Bank of
India (RBI) to address Capital Account Convertibility?Solution
The Tarapore Committee was established by the Reserve Bank of India in 1997 to propose a roadmap for the full convertibility of the Indian rupee on the capital account. The committee's recommendations aimed to gradually liberalize the Indian economy's capital account.
Which is not a method of overhead apportion mechanism?
If there exists a specific sports fund, the expenses incurred in relation to sports activities will be taken to:
Which of the following financial statements shows a company's assets, liabilities, and equity at a specific point in time?
Which report is issued after completion of statutory audit of a PSU?
A software company provides license + 2 years of updates and support. How should revenue be recognised?
Under which method are extraordinary items presented separately in the statement of profit and loss?
A company has a standard direct material cost of ₹10 per unit. Actual cost incurred was ₹12 per unit for 1,000 units. 950 units were actually produc...
The primary objective of Cash Management is to:
Which accounting treatment is appropriate for assets given on finance lease (lessee perspective) under Ind AS?
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
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