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Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Cash, goods, or assets invested by the proprietor in the business for earning profit is called?
Cash, goods, or assets invested by the proprietor in the business for earning profit is called Capital
Cash, goods, or assets invested by the proprietor in the business for earning profit is called Capital
See lessUse of a common unit of measurement and common format of reporting promotes Which quality in accounting ?
Use of a common unit of measurement and common format of reporting promotes Comparability
Use of a common unit of measurement and common format of reporting promotes Comparability
See lessThe person, firm, or institution who does not pay the price in cash for the goods purchased or the services received is called?
The person, firm, or institution who does not pay the price in cash for the goods purchased or the services received is called A debtor
The person, firm, or institution who does not pay the price in cash for the goods purchased or the services received is called A debtor
See lessWhich is the last step of accounting as a process of information?
Communication of information is the last step of accounting as a process of information
Communication of information is the last step of accounting as a process of information
See lessIs book keeping an art or science?
Both an art as well as science
Both an art as well as science
See lessWhy is RBI called Bankers bank?
RBI acts as a bank for all the commercial banks in India. Hence, called as bankers bank. It holds their cash reserves, lends them short term funds. It also provides them the central clearing and remittances facilities.
RBI acts as a bank for all the commercial banks in India. Hence, called as bankers bank. It holds their cash reserves, lends them short term funds. It also provides them the central clearing and remittances facilities.
See lessWho Organised RBI?
The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission.
The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission.
See lessWhere is the headquarter of RBI?
The headquarters of RBI is in Mumbai.
The headquarters of RBI is in Mumbai.
See lessWho controls RBI?
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
See lessWho appoints the RBI governor ?
The Government of India appoints the RBI Governor. According to the official website of the Reserve Bank of India, rbi.org.in, “The affairs of the Reserve Bank are governed by a Central board of directors. The Board is appointed by the Government of India in accordance with the Reserve Bank of IndiaRead more
The Government of India appoints the RBI Governor. According to the official website of the Reserve Bank of India, rbi.org.in, “The affairs of the Reserve Bank are governed by a Central board of directors. The Board is appointed by the Government of India in accordance with the Reserve Bank of India Act.”
See less