Question
A company pays insurance premium of ₹24,000 for 12
months in advance in March 2025 for the period January 2025 to December 2025. The accountant records the entire amount in the Profit & Loss account of FY 2024–25. Is this treatment appropriate?Solution
Matching principle requires expenses to be recognised in the period they relate to. ₹18,000 is for April–Dec 2025 and should be treated as prepaid.
In a class of 236 students, 136 are girls and remaining are boys. Among boys, the ratio of number of boys who are wearing caps to those who are not wear...
P and Q together have Rs 2,420. If 8/15 of P’s amount is equal to 4/5 of Q’s amount, how much amount does Q have?
Determine the fourth proportional to the numbers 12, 7, and 36.
The mean proportional of 9 and 16 is _____.
What is the fourth proportional to 5, 7, 15?
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Monthly savings of ‘Q’ is 25% more than that of ‘P’ and is 48% less than monthly income of ‘P’. Monthly expenditure of ‘Q’ is Rs. 4260 a...
What is the fourth proportional to 4, 9, 16?
In a class, the ratio of number of boys to number of girls is 9:4. If 5 boys joined the class and 1 girl left the class, then the ratio becomes 7:3. Fin...
The ratio of the incomes of Vineet and Vidya is 10:7 respectively. Vineet saves 30% of his income while Vidya saves 20% of his income. The sum of their ...
