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'Provision' means an estimated amount to meet a loss or expense in future. Provisions are made for future obligations whose specific amount or date is unknown. Note – •accrued expense is one that is known to be due in the future with certainty. •A contingent liability is one that is dependent on happening of a future event. It is a potential liability Here the event is also uncertain.
Which of the following is not a type of bank in India?
As of 2024, which company became the first in the gem and jewellery sector in India to be granted Authorised Economic Operator (AEO) status?
State whether the following statements are true/false:
1 A fixed budget is prepared for only Range of activity.
2 A flexible budget is pre...
Which of the following metric of the bank is dependent on the movements of the interest rate?
How does inflation in a country affect its currency's exchange rate?
In which of the following leadership style, a leaders is considered genuine and honest and cares for the employees’ opinion?
Which of the following statements is/are correct about the city of Shanghai as a global financial center?
1) Shanghai has the highest number o...
In 2023-24 (FY24), how much worth of sovereign gold bonds (SGBs) did the Reserve Bank of India sell, marking the highest-ever response to the instrument...
Under which of the following type of guarantees, the banker guarantees payment of installments spread over a period?
What is the new name of Edelweiss General Insurance?