Question
A firm uses a vacant plot to construct a new office. The plot could otherwise be leased at ₹10 lakhs annually. What is the opportunity cost of using the plot for construction?
More Accounts Questions
- Find the incorrect statement:
- What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
- A company reported a net profit of ₹10 lakh. During the year, depreciation was ₹4 lakh, accounts receivable increased by ₹2 lakh, inventory decreased by ₹1...
- Deduction (under Section 80E of the Income Tax Act, 1961) shall be allowed for __________ assessment years starting from the assessment year in which the a...
- Which of the following scenarios correctly reflects the going concern assumption?
- The total of Sales Book shows the .
- A software company provides license + 2 years of updates and support. How should revenue be recognised?
- The 'Wealth Maximization' objective of financial management is considered superior to 'Profit Maximization' because it considers:
- In the context of ICDS V, which category of assets does this standard specifically address?
- A director is appointed in _______
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
