10. Which person owes an amount to a business organisation for buying goods and services on a credit basis? Creditors Debtors Owner None of the above Answer:B) Debtors Explanation: Debtors are the persons who owe an amount to a business organisation for buying goods and services on a credit...
Clarification: When the capitals are fixed between the accomplices, the benefit or misfortune acquired by the organisation gets shared according to the proportion of the capital fixed. Q:18 On the off chance that preliminary equilibrium sums disagree, the distinction should be placed in A Suspense...
So, after every transaction, debits and credits must be in balance on the balance sheets of a business organisation. Accounting has a fundamental equation that constitutes the basis of all calculations there. That accounting equation is known as the balance sheet equation and showcases the ...
19. Which Organisation has the maximum stake in NABARD? State Bank Of India Commercial Bank Banker's Association The Reserve Bank Of India Answer:D) The Reserve Bank Of India Explanation: The Reserve Bank Of India stripped its whole stake in NABARD and NHB adding up to ₹ 20 crores (Rupe...
The health of the Chief Executive Officer of an organisation The quality of a company’s product or service None of the above Answer: a Which of the following statements is true about the accounting equation? The accounting equation represents that the sources in a business are not equal to ...
6. Which organisation is the forerunner of the World Trade Organization?South Asian Association for Regional Cooperation North American Free Trade Agreement European Union General Agreement on Tariffs and TradeAnswer: D) General Agreement on Tariffs and Trade...
Second tier: A violation results in a maximum fine of either €20 million or 4% of the business's worldwide annual revenue, whichever is higher Both A and B None of the above mentionedAnswer: C) Both A and BExplanation:If any organisation violates GDPR rules; results in a maximum fine...