Question
A company’s Balance Sheet includes: Equity ₹25 lakh,
10% Debentures ₹10 lakh, Land ₹20 lakh, Plant & Machinery ₹10 lakh, Inventory ₹5 lakh, Trade Receivables ₹5 lakh, and Cash ₹10 lakh. Based on this, calculate the Current Ratio.Solution
Current Assets = Inventory + Receivables + Cash = ₹20 lakh; Current Liabilities = ₹15 lakh; CR = 20/15 = 1.3
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
A company expected material cost to be ₹50 per unit for 1,000 units. Actual cost was ₹55 per unit for 950 units. What is the material cost variance?
Which of the following accounting standards deals with "Net Profit or loss for the period, prior period items and changes in the Accounting Policies"?
IRR is a rate at which
What does the acronym "OCI" stand for in accounting and financial reporting?
An auditor cannot audit a firm if his/her relative is indebted to the company in excess of ______
In amalgamation in the nature of merger, which method is used?
Which term refers to the specific rate of interest carried by a bond?
In India, ________ took upon itself the leadership role by constituting the Accounting Standards Board (ASB) in 1977.
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
