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When the goods are sold on credit, the company does not receive the cash but a promise to be paid by the person buying the goods. These are the debtors or accounts receivables for the company. The journal entry for this particular transaction is: Dr. Debtors/Accounts Receivables Cr. Sales/Revenue As such the impact is that the debtors of the company increase.
When was the Reserve Bank of India established ?
The D-SIBs banks are classified into _______ buckets.
Payment Banks in India are prohibited from performing which of the following activities?
Recently, 26th National Youth Festival was inaugurated in ____________.
Which regulatory authority is primarily responsible for overseeing and regulating cooperative banks in India?
Exchange-Traded Fund (ETF) is a basket of securities that can be traded on a stock exchange. In this regard, consider the following statements:
1...
Open - market operations of Reserve Bank of India refer to;
The National Highways Authority of India (NHAI) was constituted by an Act of Parliament, the National Highways Authority of India Act, ________.
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. In India, GST Bill was first in...
What is the main objective behind the creation of Regulations Review Authority by RBI?