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______ depicts the Capital fund of the organization.
Concept: Income and Expenditure Account
The closing balance of this account shows surplus/deficit ______.
Concept: Income and Expenditure Account
Explain any two features of Income and Expenditure account.
Concept: Income and Expenditure Account
______ account is prepared to ascertain surplus or deficit at the end of an accounting year.
Concept: Income and Expenditure Account
How will Income and Expenditure account benefit a non-trading sports organisation?
Concept: Income and Expenditure Account
How is Receipts & Payments Account different from Income & Expenditure Account?
Concept: Income and Expenditure Account
Read the extract given below and answer the questions that follow:
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MONEY CONTROL NEWS June 12, 2023/07: 05 PM IST The Reserve Bank of India (RBI) on June 12 imposed monetary penalties on four cooperative banks citing various rule violations. These are Cooperative Bank of Rajkot, Telangana State Cooperative Apex Bank Ltd, The Bihar State Cooperative Bank Ltd and Jowai Cooperative Urban Bank Ltd. The RBI's enforcement operations are conducted by the Enforcement Department. The RBI's EFD was set up in April 2017 to separate enforcement action from the supervisory process. The EFD identifies actionable violations from the inspection reports, risk assessment reports and scrutiny reports. Market intelligence reports, references from the top management and complaints are also used for investigation. |
- Which type of credit control method of the RBI has been highlighted in the above case study?
- Citing reasons state the advantage of credit card over currency notes.
- Briefly explain the following credit control methods adopted by the Central Bank:
- Publicity
- Moral suasion
Concept: Meaning of Central Bank
What is a Central Bank?
Concept: Types of Bank
Public Banks are the banks which are ______.
Concept: Types of Bank
Distinguish between saving account and current account.
Concept: Types of Bank
State one difference between cheque and bank draft.
Concept: Bank Draft
Explain the four functions of the Reserve Bank of India.
Concept: Types of Bank
Rent of an office premises is an example of ______.
Concept: Fundamental Concept of Cost
Write a short note on direct labour cost.
Concept: Elements of Cost
Write short note on indirect labour cost.
Concept: Elements of Cost
Costs incurred other than on material and labour for production and distribution are called ______.
Concept: Elements of Cost
Distinguish between Fixed cost and Variable cost.
Concept: Classification of Costs
Explain various types of Overheads.
Concept: Elements of Cost
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Concept: Classification of Costs
Name and give examples of any two types of Overheads.
Concept: Elements of Cost
