Question
An entity purchases 1,000 shares of X Ltd. at ₹120 per
share. Brokerage and taxes amount to ₹10,000. At year-end, the fair market value of the investment is ₹1,05,000. As per AS 13, what amount should be shown as the value of current investment in the balance sheet?Solution
As per AS 13, current investments are carried at lower of cost and fair value. • Cost = (1,000 × ₹120) + ₹10,000 = ₹1,30,000 • Fair value = ₹1,05,000 Hence, value in books = ₹1,05,000
A software development team is implementing a sorting function for a large dataset in their project. They decide to use the quick sort algorithm to opti...
The Divide and Conquer paradigm involves three main steps. What are they?
Complete the Python function to return the last n characters of a string s. If n is greater than the string's length, return the entire string.
d...
Which access specifier makes members accessible only within the class itself?
Which of the following is the primary characteristic of serverless computing in cloud platforms?
Consider the following Python code for calculating Fibonacci numbers using memoization:
memo = {}
def fib_memo(n):
�...
What is a key characteristic of a "full binary tree"?
Consider the following statement regarding Kelvin Double Bridge.
Statement (1): It is used for measuring resistance in the range of few ohms to s...
If signal-to-interference ratio is 5 dB, signal power is 8 dB, then what is the interference power in dB?
The _____________ deals with the coordination of the data transfer between end systems and hosts.
