Question
The Banking Ombudsman Scheme is introduced under which
of the following sections in Banking Regulation Act, 1949?Solution
The correct answer is C
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
A company recognises revenue over time for a contract. Costs incurred to date = ₹40,00,000; total estimated cost = ₹1,00,00,000; total contract pric...
According to SA 315, which of the following is part of understanding the entity and its environment?
In a textile mill, cotton passes through spinning, weaving, and dyeing departments. Loss occurs at each stage. Which costing method is best suited?
Depreciation starts on a machine from the date:
A power company appraises a 25-year hydro project with IRR of 12% and a payback of 8 years. However, the risk-adjusted discount rate is 15%. Should the ...
A firm projects cash inflows of ₹5 lakh in July and ₹7 lakh in August. It expects cash outflows of ₹6 lakh and ₹8 lakh respectively. If the open...
Identify correct full forms of ESOP and ESPP.
Financial accounting is mainly concerned with:
Which of the following statements is FALSE regarding computerised accounting?
