Acceptance, Endorsements and other obligations are a contingent liabil – McqOptions

MCQOPTIONS

1.	Acceptance, Endorsements and other obligations are a contingent liability of bank.
A.	True
B.	False
C.	May be false
D.	May be true
Answer» C. May be false

Discussion

No Comment Found

Related MCQs

The accounting standards Board (India) was formed by the Institute of Chartered Accountants of India in April---------------
Accounting Standards are beneficial not only to the business enterprises but also to the .. as well.
The important objective of Accounting standards is to the ..diverse accounting policies and practices at present in use in India.
AS 15 deals with the accounting for retirement benefits in the financial statements of --------------
Investment made by government as equity in the ownership of an enterprise is known as ------------
Govt. grants become -----------because of non fulfillment of the conditions attached to that grant.
If stock is for 110----------------- 44000 100-------------------?
A is generally a physical part of the business established under the same roof.
Revised AS 15 Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------
.reporting helps uses of financial statements to better assess the risk and t returns of the enterprise.