To present correct financial statements: To present a true and fair view of profit and financial statement, the business must maintain provision for known liabilities and losses. Therefore, provision is necessarily to be created to ascertain the current income or profit. Also, it is considered as ...
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class 12 economics ncert solutions class 12 accountancy part 1 ncert solutions class 12 accountancy part 2 ncert solutions class 12 micro-economics ncert solutions class 12 commerce ncert solutions class 12 macro-economics ncert solutions for class 11 ncert solutions for class 11 physics ncert ...
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class 12 economics ncert solutions class 12 accountancy part 1 ncert solutions class 12 accountancy part 2 ncert solutions class 12 micro-economics ncert solutions class 12 commerce ncert solutions class 12 macro-economics ncert solutions for class 11 ncert solutions for class 11 physics ncert ...
The full form of BIFR is theBoard for Industrial and Financial Reconstruction. It was an agency of the Government of India and a division of the Department of Financial Services of the Ministry of Finance, created under the Sick Industrial Companies Act (SICA), 1985. Its purpose was to resha...
What caused the global financial crisis? Increasing number of borrowers were unable to repay their loans and the prices of houses in the US started to fall. These factors played a big role in the global financial crisis. You can read about theBalance of Payment Crisis, 1991 – Causes and ...
The full form of CFO isChief Financial Officer.CFO is the officer of a firm primarily responsible for managing the organization’s finances, such as financial risk management, financial planning, financial analyzing and record-keeping. The CFO is also responsible for the supervision of data in oth...