Question
Who is responsible for setting the Cash Reserve Ratio
(CRR) in India?Solution
The Reserve Bank of India (RBI) sets the CRR, a key monetary policy tool used to regulate the amount of funds that banks have to hold as reserves either in cash or as deposits with the RBI.
A not-for-profit organisation receives a donation of â‚ą1,00,000 for constructing a new building. How should this be treated in the financial statements?
Amount paid for stationery during 2022-23Â Â Â Â Â Â Â Â â‚ą 80,000
Creditors for Stationery on March, 31, 2023Â Â Â Â Â Â Â â‚ą 7,...
Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with ...
  A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume numbe...
Which of the below import duties would be imposed?
Investment in debt instrument for which the company has intention to receive contractual cash flows and for which, the debt gives contractual cash flows...
As per the Companies Act, 2013, CSR provisions are applicable if the company meets which of the following thresholds in any financial year?
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
A company has the following inventory data for a product:
•Opening Stock: 500 units @ ₹50
•Purchases: 1,000 units @ ₹55
•...
For how long must an asset remain a Non-Performing Asset (NPA) to be classified as a substandard asset?
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