Question
Which of the following accounting rules can roughly
estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.Solution
The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.
Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
The payback technique is especially useful during the time ________.
Where to show Share application money received in excess of issued share capital?
A firm’s current ratio is 1.5:1 and quick ratio is 1.5:1. What does it suggest about inventory?
From the below Ind AS 2 is not applicable in which of the following cases?
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
ICDS II deals with which of the following aspect?
Which of the following categories of inventory are generally reported by companies in their financial statements?
An Indian insurer receives ₹5 crore as foreign premium from a US-based NRI. As per FEMA guidelines, how should the transaction be treated in its books...
