V S VADIVEL FCA: QUIZ CORNER
KNOW WHATEVER YOU WANT TO KNOW ON AUDIT, ASSURANCE, TAXATION, AND CORPORATE LAW .
In accounting parlance, it’s the gradual charging of an expenditure to revenue
AMORTISATION
The predecessor to CAs in India
GDA
India’s apex bank for rural development and agriculture
NABARD
Support money paid by one ex-spouse to the other as ordered by court
ALIMONY
A thing given or received without payment
GIFT
Simon Stevin of Belgium first devised this statement of affairs in the early 16th century
BALANCE SHEET
It’s the taking over a company in financial difficulties and selling each of its assets separately without regard to the company’s future
ASSET STRIPPING