Question
In variance analysis, which variance helps management
identify whether quantity of materials used is efficient?Solution
Material usage variance indicates the variance due to difference in quantity used vs. standard quantity.
An insurance company earned gross premium of ₹120 crore, of which ₹20 crore was unearned at year end. Claims incurred were ₹65 crore. Calculate th...
What is the limit of deduction allowed under section 80TTA of the Income Tax Act?
Under written down value method of Depreciation, the WDV of the asset is always:
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
SA 230 standard refers to:
What does CBLO stand for?
The portion of the uncalled capital, which can be called only at the time of winding up of the company, is known as:
Interest payable on the bonds is a/an _______
An assessee is required to deposit how much % of advance tax liability on or before 15th June?
A machine is purchased for $100,000 and $10,000 is spent on its installation. Residual value of the machine is $9,000 and its useful life is 5 years. Ca...
