Agencies-authoritative-credit rating in India
Write down the agencies which are authoritative to do credit rating in India?
Expert
There are several agencies which do credit rating in India they are illustrated below:- i) ONICRA (or Credit Rating Agency of India Ltd). ii) Credit Rating Information Services of India Limited (or CRISIL) This company provides the credit rating information about the companies and permits to give the merit of a company and firm.
Provide a brief introduction of the term depreciation? Write down the causes of depreciation?
The following information is taken from the financial statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had a cost of $400,000
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