Question
Under Accounting Standard 5 on Net Profit or Loss for
the period, prior period items and changes in accounting policies must be disclosed separately. Why is this considered essential for financial statements?Solution
• AS 5 mandates separate disclosure of material prior period items and policy changes so that users can assess true operational performance vs adjustments.
In a triangle, the angles are in the ratio 1:2:6. Determine the difference between the smallest and the largest angle.
Tarun and Saurabh together can complete a task in 10 days. Tarun and Reena together can finish the same task in 14 days. Reena and Saurabh together can ...
What is the percentage increase in the total number of products sold by all companies from 2020 to 2022?
12, 26, 54, 96, 150, 222, 306
17, 16, 34, 32, 68, 66
From a point 30 m away from the base of a building, the angle of elevation to the top of the building is 60°. Find the height of the building.
A traveller travels from one place to another at a speed of y km/h and reaches the destination in 4 hours. If the same traveller had traveled 1 km/h fas...
A and B partnered to start a business with initial investments of Rs. 1,200 and Rs. 1,500, respectively. After one year, they both reinvested additional...
The average score of 24 students in a class is 78. If the top 4 scores are removed, the new average score of the remaining students drops by 2 points, w...
45, 54, 72, 95, 131, 180
