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.
Select the correct mirror image of the given figure when the mirror PQ is placed to the right side of the figure.
What should come in place of the question mark (?) in the given series based on the English alphabetical order?
MAG, UHM, ?, KVY, SCE
How many lions are neither monkey nor cow?
Find the missing numbers. Choose the correct option
Select the letter-cluster from among the given options that can replace the question mark (?) in the following series.
HCE, MHJ, ?, TOQ, VQS, WRT
There are eight persons–Manoj, Nitya, Varun, Pranay, Kali, Reva, Sarayu and Teena. All of them are sitting in a straight row and are facing North but ...
Select the option that is related to the fifth term in the same way as the second term is related to the first term and fourth term related to the third...
In the following question, select the missing number of the given series.
108, 129, 104, ?, 100, 137, 96
If each letter of the word "PROGRAMMING" is replaced by its successor in the alphabetical series, then which alphabet is third from the left end?
‘Entertainment’ is related to ‘Television’ in the same way as ‘Warmth’ is related to ‘______’.
