Question
An asset was previously revalued downward. If it is now revalued upward, how should the increase be treated?
More Accounts Questions
- A firm budgeted sales of ₹120 lakh but achieved actual sales of ₹100 lakh. Variable cost was budgeted at 60% of sales, and actual cost was 62% of actual sa...
- A company purchased goods worth ₹2,00,000. It availed a trade discount of 10% and cash discount of 2% (if paid within 10 days). The company paid within 7 d...
- Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
- What is a marginal cost?
- A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the profit ear...
- If the quick ratio is significantly lower than the current ratio, what does it indicate?
- Standard material for 1 unit = 4 kg at ₹50/kg. For actual production of 1,200 units, actual material used was 4,800 kg costing ₹2,40,000. Calculate Materia...
- Which schedule of the Companies Act provides the format for the Balance Sheet?
- Balance as per pass book is Rs. 50,000/-. Rs 5,000/- were directly deposited by a customer into the bank. Then the balance as per cash book is:
- A company has fixed costs of ₹10 lakh, variable cost per unit ₹50, and selling price per unit ₹75. If sales units are 60,000. Compute margin of safety unit...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
