Question
Who has the been vested with the power to establish the
Depositor Education and Awareness Fund as per section 26A of the Banking Regulation Act?Solution
Section 26A. Establishment of Depositor Education and Awareness Fund: (1) The Reserve Bank shall establish a Fund to be called the Depositor Education and Awareness Fund (hereafter in this section referred to as the Fund.
The preparation of a trial balance is for:
₹200 paid as wages for erecting a machine should be debited to:
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
A company has the following balances on its Balance Sheet:
• Cash & Bank Balances: ₹2 crore
• Trade Receivables: ₹4 crore
�...
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
Sales = ₹200 lakhs, Variable cost = ₹120 lakhs, Fixed cost = ₹30 lakhs
Interest = ₹10 lakhs
Calculate (i) Operating Leverage and (...
What is MIBOR?
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
ABC Ltd.’s net profit is ₹1 crore. Its equity is ₹5 crore. The return on equity (ROE) is:
A company’s Profit before tax for the year is ₹6,00,000. Depreciation charged is ₹50,000. During the year, trade debtors increased by ₹40,000 an...
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