Question
The 'Accounting Period Concept' states that the life of
a business is divided into:Solution
The Accounting Period Concept (or Periodicity Concept) assumes that the indefinite life of a business is divided into shorter, regular, and artificial periods (like quarters or years) to allow for the timely preparation and reporting of financial statements.
A number reduced by 33% becomes 335. What percent should it be increased so that it becomes 950?
Income of Riya is Rs. (124n + 1680). She spends 75% of her income and saves the rest. Savings of her friend Mehul is Rs. 960 more than that of her. Mehu...
Arun allocates his income in the following manner: 20% is spent on food. After food expenses, he uses 20% of the balance on rent. He spends one-fourth o...
The income of Tina is Rs.24000 and she saves 15% of her income. The savings of Kajal is Rs.2000 more than that of Tina and she spends 60% of her income....
The monthly income of B is 25% more than that of A. If the income of B is Rs. 42000 and A saves 40% of his monthly income, then find A’s expenditure.
Rajesh spent 44% of his monthly income on food and 56% of the remaining of study. If total monthly savings (after spending on food and study) of Rajesh ...
The income of P is 4/7th of the income of Q and income of R is 40% more than the income of Q. Income of Q is Rs.21000 and expenditure of P is...
In a library, books are categorized into five languages. Among them, 16% are in Hindi, 30% are in English, 18% are in Urdu, and 24% are in Persian. The ...
An army lost 20% its men in war, 20% of the remaining due to diseases and 20% of the rest were disabled. Thus, the strength was reduced to 64,000 active...
The income of ‘A’ increases by 20% every year. If the present income of ‘A’ is Rs. 23040 and his expenditure 2 years ago from now was Rs. 10500,...
