Question
A company changed its depreciation method from
straight-line to diminishing balance, stating this better reflects usage pattern. The change led to material reduction in profit. How should the change be accounted for?Solution
Change in depreciation method is a change in accounting estimate. As per Ind AS 8, it is accounted for prospectively with adequate disclosure of the reasons and effects.
India does not ____________ the resources and governance capacity to ____________ a new regulatory infrastructure to _____________ the interests of spec...
Fill in the blanks with appropriate forms of modals from the alternatives given below each sentence.
I _____ learn English, and none shall sto...
Fill in the blank with most appropriate word from the given options.
She was scolded ____ arriving late to the meeting.
Kill two birds with one ___________.
Our education system needs a better __________ system for the students.
    (A) estimation               (B) opinion  �...
Ankle sprains usually involve the ligaments, muscles, tendons or bones in the area. ____________. The more you sprain your ankle, the greater the chanc...
Select the most appropriate option to complete the sentence.
The _____________ of the storm is yet to come.
Although it was a beautiful day with a clear blue sky, the runner feeling (A) / tired and sore, yet with the determination to reach the finish line, de...
There were spelling and grammar ……………, a pitiful ………….. of her ………….. schooling.
...Fill in the blanks:
Though their design was ___________ in the 1950s for newer technological developments, Stanford scientists are ___________ it t...
