Question
What is the FDI cap in India’s satellite and space
sector (as revised in 2024)?Solution
The government liberalized FDI in the space sector, allowing 100% FDI under the automatic route in satellite component manufacturing.
A firm’s EBIT is ₹5,00,000, interest expense is ₹1,00,000. What is the Degree of Financial Leverage (DFL)?
"Window Dressing" in accounting refers to:
The difference between the total debits and total credits of an account is called:
The law of demand states that, other things being equal:
Prepaid Rent appearing in the Trial Balance is treated as:
Which accounting principle/concept states that revenue should be recognized when it is earned, regardless of when cash is received?
The "Matching Principle" requires that:
The primary objective of financial accounting is to:
Goodwill is a/an:
If an asset is purchased for ₹1,00,000 with a residual value of ₹10,000 and a life of 9 years, the annual depreciation under the Straight Line Metho...
