A Ltd owns land and building which are carried in its balance sheet at an aggregate carrying amount of 10 million. The fair value of such asset is 15 million. It exchanges the land and building for a private jet, which has a fair value of ₹20 million, and pays an additional 3 million in cash. As per Ind AS 16 what should be the cost?
Fair value of the asset given up is used to measure the cost of the asset received unless the fair value of the asset received is more clearly evident.
A Salesman is allowed 18% commission on the total sales made by him and a bonus of 1% on the sales over Rs. 40000. If the total earning of a salesman is...
In an office with 400 employees (comprising both men and women), preferences for either 'Tea' or 'Coffee' exist. The number of men who like 'Tea' to tho...
If the radius of the base of a right circular cylinder is increased by 20% and the height is decreased by 30%, then what is the percentage increase/decr...
The ratio between the number of books and pencils is 6:5 and the ratio of cost of per book and pencil is 4:3 then find the percentage by which total cos...
A spent 20% of his monthly income on study and 72% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on study
A student multiplied a number by 2/5 instead of 5/2. What is the percentage error in the calculation?
The population of a city is decreased by 20% in the first year and then increased by 30% in the second year. Find the population of the city at the end...
Manish has some money left after spending 11%, 15% and 20% of monthly salary on rent, electricity and shopping respectively. The remaining money with Ma...
The population of the town is 270,000 4/9th of them are males and the rest are females. 50% males and 40% females are married. Find the percentage of th...
Calculate the % change in Anuradha's monthly expenditure when her income experiences a 32% increase, while her monthly savings, which normally accounts ...
