If BRS is prepared starting with a credit balance as per Cash Book (overdraft), interest allowed by the bank will be: MCQ with Answer and Explanation

Explanation:
WC = CA - CL = 60,000. CA/CL = 3 => CA = 3CL. So 3CL - CL = 60,000 => 2CL = 60,000 => CL = 30,000, CA = 90,000. QA/CL = 1 => QA = 30,000. Inventory = CA - QA = 90,000 - 30,000 = ₹60,000.

Explanation:
The Securities and Exchange Board of India (SEBI) is the statutory body regulating the securities and capital markets.

Explanation:
The Public Accounts Committee (PAC) of the Parliament examines the appropriation accounts (showing how grants were spent) and the audit reports submitted by the Comptroller and Auditor General (CAG).