Question
When profits as per cost accounts differ from financial
accounts, the difference may be due to:Solution
Major cause is over/under absorption of overheads and items recorded only in financial accounts (e.g., interest, income tax).
From the following data, compute funds from operations: Net profit â‚ą8 lakh, Depreciation â‚ą2 lakh, Loss on sale of asset â‚ą50,000, Profit on sale of...
 Calculate EOQ from the data given below and select the correct answer from the options given below:
Revenue as per Ind AS -18 is not categorised into which one of the following types:
As per RBI’s KYC/AML guidelines on wire transfers, the term “Beneficiary” refers to:
Which is not the essential characteristic of Bill of exchange:
State which statement is incorrect:
Opening work in process inventory can be calculated as under
Which GSTR form is primarily used by businesses to summarize their monthly tax liabilities and claim input tax credits under Goods and Services Tax (GS...
An LC limit of â‚ą48 lakh is sanctioned, and the lead time is 3 months. What is the projected annual purchase of raw material?
A type of market where debt and stocks are traded and maturity period is more than a year is known as
