Question
……. Represent the units of currency held and assets
and liabilities to be received or paid in a fixed or determinable number of units of currency.Solution
Monetary items - units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency. a.      The essential feature of a monetary item is a right to receive (or an obligation to deliver) a fixed or determinable number of units of currency. Examples include:   i.     pensions and other employee benefits to be paid in cash;   ii.     provisions that are to be settled in cash; and cash dividends that are recognised as a liability
The Reserve Bank of India (RBI) has asked banks not to classify zero balance accounts, which are opened for the beneficiaries of government schemes like...
_____________ was chosen as the third woman and the youngest president to head the European Parliament.
Which statements are true about India's crude oil imports from Russia in June and public refiners' actions?
1. India's crude oil imports from Rus...
Central government has set the target to achieve how much GW of rooftop solar (RTS) capacity in the country under Rooftop Solar Programme Phase-II?
When was the 'Nest' rating and certification initiative launched by the Indian Green Building Council (IGBC)?
Who has been appointed as the Director (Finance) of Coal India?
Consider the following statements:
       I.           National Ayush Mission (NAM) is a central sector scheme implemented by...
What is the objective of the Reserve Bank of India's (RBI) revision of eligibility norms for urban co-operative banks (UCBs)?
What is the key purpose of the INDUS-X initiative launched by India and the US?
The Securities and Exchange Board of India (SEBI) has opened the doors for asset management companies (AMCs) to become 'self-sponsored', while adding to...
