Question
In which year was the Sovereign Gold Bond scheme
launched by the government of India?Solution
The Sovereign Gold Bond scheme was launched by the government of India in the year 2015. The scheme was introduced to offer an alternative investment option to individuals looking to invest in gold. These government securities are denominated in grams of gold and are issued by the Reserve Bank of India (RBI) on behalf of the government. The scheme aims to reduce the demand for physical gold by providing an avenue for investing in gold in a more secure and paperless manner.
Advance amount received from customers is not considered as sale. It is based on which concept?
Which report is issued after completion of statutory audit of a PSU?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
The coefficient of correlation takes the value in which of the following ranges?
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_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Which accounting standard provides guidance on how to account for foreign currency transactions and the effects of changes in foreign exchange rates on...
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
Under Ind AS 116, which of the following is true for lessees?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing inventory of the previous year. I...
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