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.
Find the value of 'a' and 'b' which satisfy the following equations:
9a + 7b = 30
4a - 5b = 62
Find the area between the lines 18x +12y = 108, 9x + 6y = 27, x - axis and y -axis.
If (5√P - 7√Q) = 5, [1.5P = 4Q-(R/3)+9] and (√P/√Q) = 1.6, then find out the value of ‘R’.
I. p2 – 5p + 6 = 0
II. 36q2 = 81
...The slope of the equation 24x+ 8y =56 is
The ratio of roots of the equation mx2 + nx + n = 0 is α/ β = a/b, then find the value of `sqrt(a/b)+sqrt(b/a)+sqrt(n/m)`
The length of a line segment A, B is 10 units. The coordinates of point A are(2,3) and the value of ordinate of point B is 5. Then find the value of abs...
The equations 6x + my + 18 = 0 and 9x + 21y + 27 = 0 have a unique solution. Which of the following statements is definitely true?
If in two linear equations ax + by = c and dx + ey = f and a/d = b/e = c/f then, which of the following is true about the two equations?
I. p² - 365 = 364
II. q - √ 529 = √ 169
