Question
Which of the following is an example of a change in
accounting policy that must be disclosed under AS 1?Solution
The correct answer is C
A, B and C started a business. A invested Rs. 48000 for 12 months, B invested Rs. 60000 for 8 months and C invested Rs. 72000 for 6 months. If the total...
A, B and C enter into a partnership, A invest X + 10000, B invest 3X + 13000 and C invest X + 15000 for one year if B share is 40000 from total profit o...
Ram started a business with the capital investing Rs 6000. After 3 months Shyam also joined him, with the capital investing Rs 4000. They make a profit ...
Mr. Murthy invested Rs.16,000 in a scheme. How muck will he get on maturity, if he invested it at 20% per annum compound interest for 9 months, compound...
"P" and "Q" invested Rs. 4000 and Rs. 2500, respectively, to launch their businesses. 4 months later, "P" took out Rs. 1500 from his original investment...
Amit and Rohit started a business by investing in the ratio 4 : 3, respectively. After 8 months, Amit withdrew 25% of his investment, whereas Rohit incr...
Saurabh and Gurmeet started a business investing Rs. 80,000 and Rs. 50,000 respectively. In what ratio the profit earned after 2 years be divided betwee...
A invested Rs X in a scheme. After 6 months, B joined with Rs 3000 more than that of A. After an year, ratio of profit of B to the total profit was 5: 9...
- Aman began a business with a certain capital. After 3 months, Rohan joined him with Rs. 900 more than Aman had invested. If the profit at the end of the ye...
A and B entered into a business investing their capital in the ratio of 22:21, respectively and the respective ratio of time for which they made their i...
