Question
A fire destroyed a warehouse on 15 April, after year-end
31 March but before statements were authorised. Insurance claim will cover most losses. Should this be adjusted in the 31 March accounts?Solution
Fire occurred after year-end and did not relate to conditions existing at 31 March. Hence it is a non-adjusting event; disclose if material, but no adjustment.
What does the term "ideology" refer to in Dunlop's System Theory?Â
Words given on the left side of (::) are related with each other by some Logic/Rule/Relation. Select the missing word/word pair on the right side of (:...
Navegaon-Nagzira Tiger Reserve (NNTR), recently seen in the news, is located in which state?
Which of the following statements is true about the term 'Roll over' related to Economy, seen sometimes in news?Â
If 5 + x, 2x + 7, 6x+9, and y are in proportion when x=2, find the value of y.
Which of the following elements is the most reactive?
 Fruits stored in a cold chamber exhibit longer storage life becauseÂ
Which among the following criterion are required to be fulfilled for an asset to be classified as a Current Asset?
Which of the pairs given above is/are correctly matched?
Anil spends 40% of his income on rent and 40% of the remaining income on medicines. If he saves ₹7,200 every month, then his monthly income is: