Question
Current ratio of a firm is 2. If current liabilities are
₹1,20,000, then current assets are:Solution
Current ratio = CA/CL = 2 → CA = 2 × CL = 2 × 1,20,000 = ₹2,40,000.
The balance of cash book shows
For a manufacturing concern, what will be the effect of increase in creditors on the Cash flow Statement?
As per AS 2, inventories should be valued at:
What was a significant factor contributing to the decline in Average Revenue per User (ARPU) in the Indian telecom industry?
Time of supply means
XYZ Ltd. buys software for ₹10 lakh, with a license period of 3 years. How should it treat this in books?
₹200 paid as wages for erecting a machine should be debited to:
Which of the following is NOT a direct party to a Letter of Credit (LC)?
Claims paid during year = ₹150 crore; Outstanding claims at year-end = ₹20 crore; Outstanding at beginning = ₹15 crore. Calculate claims incurred.
The 'Wealth Maximization' objective of financial management is considered superior to 'Profit Maximization' because it considers:
