Question
Under Ind AS 116, which of the following is true for
lessees?Solution
Ind AS 116 eliminates the operating/finance lease distinction for lessees; they recognize a right-of-use asset and lease liability for most leases.
Joy bought a painting for Rs. 6000 and sold it for Rs. 7500. Find the profit %.
A trader marks his goods 40% above the cost price. He allows a discount of 20% on the marked price and still earns an additional profit of Rs 48 compare...
A Shopkeeper sold an article at 5% loss. If he had sold it for Rs. 350/- more, he would have made 20% profit, find the selling price of the article?
A man bought two properties. The cost of the first property is 60% of the cost of the second property. He sold the first property at a profit of 25% and...
A person sold his goods after announcing two successive discounts of 32% each. The effective discount altogether is
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After getting two successive discounts, Seema got a shirt at ₹153, for which the marked price was ₹200. If the second discount was 15%, the first d...
- Priya bought a painting for Rs. 32,000 and sold it for Rs. 36,800. What was her profit percentage?
Vishal sold an item for a 25% profit. Later, he reduced the cost price and selling price of the item by 20% and 10%, respectively, from their original v...
