Goodwill acquired in a business combination must be tested annually for impairment. To which level should it be allocated for testing?
During the year 2016-17, the profit of the business before charging manager's commission was Rs. 1,89,000. If the manager's commission is 5% after charg...
A software firm enters a contract for software license, customization, and after-sales support. Revenue is recognized over time for customization but at...
Calculate the inventory turnover ratio:
What does “Inhwa” in management perspective refer to?
In order to convert a proposal into a promise the acceptance must be:
According to GST Laws, from 1 August 2023, the e-invoicing is mandatory for businesses with annual aggregate turnover of over _______ in any previous fi...
A company purchased machinery worth ₹50,00,000 on 01-04-2021. The company provides depreciation at 10% per annum on Written Down Value method. On 01-1...
Monthly purchases = ₹20 lakh, lead time = 2 months. What is the LC amount required for an Inland Letter of Credit (LC)?
In insurance accounting, what is "policyholder surplus"?
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