what is hard currince
Answer / satya kishore
Hard currency or strong currency, in economics, refers to a
globally traded currency that can serve as a reliable and
stable store of value. Factors contributing to a currency's
hard status can include political stability, low inflation,
consistent monetary and fiscal policies, backing by
reserves of precious metals, and long-term stable or upward-
trending valuation against other currencies on a trade-
weighted basis
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what is contigent liability and state some examples also.
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Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
im preparing for the sbi clerical post please send me the solved questions.
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