Answer Posted / sumit verma

SENSEX and NIFTY are indices of major Stock Market of INDIA
i.e.The Bombay Stock Exchange and The National Stock
Exchange respectively.

1 SENSEX....derived its name from SENSitive indEX. This
index comprises of Top 30 Stock traded in The Bombay Stock
Exchange(BSE) comprising all major sectors such as IT,
Cement,Oil and Natural Gas, Bank,Auto,e.t.c. Its a
cumulative index. Remember it is just 30 stock index. Those
30 stock are dynamic in nature and keeps on changing.

2. NIFTY.....derived its name from the National Stock
Exchange(NSE)and f IFTY. Just because NSE uses 50 major
stock across all major sectors to constitute an Index called
NIFTY. The major difference between two indices that the
later uses 50 stocks as compared to 30 stocks used for Sensex.


Note:- Both these indices are the barometer of the stock
exchange, which shows that how that market is faring. In
absence of such indices it is impossible to gauge the mood
of the market OR to measure the performance of the Market.

Apart from these two indices there are several Sectoral
indices constituted by the two exchanges to measure the
performance of that particular sector in the stock Market
such as BANKEX, NIFTY IT , MIDCAP NIFTY, e.t.c

who invented acounts?

1872

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Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

2203

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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2142

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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1932

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whts is the meaning of over cost and under cost, what is difference ?

11903

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EXPAND_________SEC

2236

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How to enter PO in SAP

1980

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what do Loan Loss Coverage Ratio mens describe it with examples?

2249

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

4226

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purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

2020

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in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

2077

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Distinguish capital and revenue expenditure

2121

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Explain significance of Nastro and Vastro in accounts?

4163

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Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

2407

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How you implemented a chargeback system?

2277

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