ICDS IV primarily deals with which aspect of financial reporting.
ICDS IV, titled "Revenue Recognition," primarily deals with the recognition, measurement, and disclosure of revenue in financial statements. It provides guidance on how to account for various types of revenue earned by an entity.
A loss of 10(1/2) % gets converted into a profit of 11(3/5) % when the selling price is increased by Rs 265.20. The cost price (in Rs) of the article is:
The cost price of article A and B is Rs. ‘X’ and Rs. (X + 400), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. I...
A shopkeeper marked an article ‘A’ 20% above the cost price and sold it for Rs. 1008 after giving a certain discount while he sold an article ‘Bâ€...
A dishonest merchant sells goods at a 12.5% loss on the cost price, but uses 28 g weight instead of 36 g. What is his percentage profit or loss?
Lalit buys wheat at Rs. 20/kg and puts a price tag on it so as to earn a profit of 30%. However, his faulty balance shows 1000 gm when it is actually 60...
A person sold two articles for Rs. 1936 each. On one he gained 28% and on other he lost 12%. What is his overall gain or loss percent, correct to one de...
'G' labeled an item with a price tag that is 400% higher than its cost price and later sold it to 'A' at a discounted rate of 25%. This transaction resu...
A person bought an article and sold it at a loss of 25%. If he had bought it at 20% less and sold it for 63 more, he would have gained 20%. Find the pro...
A person bought an article and sold it at a loss of 20%. If he had bought it at 10% less price and sold it for 7400 more, he would have gained 30%. Find...
Kailash went to purchase a chimney, the shopkeeper told him to pay 26% tax if he asked the bill. Kailash manages to get the discount of 12% on the actu...