Question
Ramesh shows a profit of Rs. 5,00,000 for the year ended
31.3.2017. The figure has been arrived at after charging following against revenue: Purchase of Car for use in business Rs. 2,00,000 and treated as vehicle expenses. Omitting to record unpaid electricity bills for March 2017 of Rs. 50,000. The correct profit for the year ended 31st March 2017 is:Solution
Correct profit will be Rs.6,50,000 (Rs. 5,00,000 + 2,00,000 less Rs. 50,000). [Purchase of car is an asset for a company hence must not be treated as an expense and electricity bill for March 2017 must be recorded as per accrual concept]
Present average age of A, B, and C is 30 years. If 5 years ago, the average age of A and C was 25 years, then find the present age of B.
The ages of A, B and C are in the ratio 4:6:7 and the sum of their ages is 85. Find the ratio of 15 years ago B’s age to C’s age after 15 years.
...At a family event, the present ages of Mira and Junaid are in the ratio of 2:5. Moreover, Imran is 7 years younger than Mira. Twelve years ago, Imran's ...
If the sum of the ages of a father and his son is 60 years and the difference of their ages is 30 years, what is the father's age?
Present ages of 'X' and 'Y' are in ratio 7:8, respectively. If twelve years hence from now, age of 'X' will be 15% less than that of 'Y', then find the ...
Three years ago, the ratio of ages of C and D was 3:4. Seven years from now, the ratio of their ages will be 5:6. What is the current age of C?
Present age of X is 60% more than that of Y. Present age of Z, who is 5 years older than Y, is 25 years. After how many years from now, ratio of ages of...
The sum of the present ages of a father and his daughter is 80 years. Eight years ago, the father’s age was seven times the age of his daughter. Eight...
Present ages of P and Q are in the ratio 4:7 respectively. If Q’s age, 15 years hence from now will be 6 times of P’s age, 6 years ago from now, the...
The respective ages of a mother and her daughter are 65 and 21 years. In how many years will the mother be thrice as old as her daughter?
