In cost accounting, 'Overhead' refers to:
Under the head Income from other sources, Family pension received is exempted upto ______.
A property has Gross Annual Value ₹2,40,000. Municipal taxes paid ₹40,000. Standard deduction is 30%. What is the income from house property?
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
The Debt-to-Equity (D/E) ratio is an important measure in finance. What does it indicate?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
When a borrower creates a charge over movable assets (present or future) in favor of a lender, but retains possession of those assets, such a security a...
In case of amalgamation in the nature of purchase, the excess of purchase consideration over the net assets is debited to:
Current ratio of a firm is 2. If current liabilities are ₹1,20,000, then current assets are:
An insurance company issues a one-year policy for ₹1,00,000 sum assured. Expected mortality rate = 0.001, expenses ₹50 per policy, risk-free discoun...
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