Question
Which of the following differences correctly
distinguishes absolute from relative poverty?Solution
Absolute poverty measures inability to meet basic needs (food, shelter, clothing). Relative poverty looks at inequality within a society, comparing incomes to an average or median benchmark.
Which accounting treatment is correct for government grant related to income under Ind AS 20?
The cost of preference share capital is considered higher than the cost of debt because:
Which of the following scenarios correctly reflects the going concern assumption?
Which of the following is an example of EFT?Â
As at 31 March 2025, Ace Ltd. has long-term borrowings of ₹4,00,00,000, working capital loans of ₹1,00,00,000, and shareholders’ funds amounting t...
Under the Indian Contract Act, the suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment o...
ABC Ltd. earned ₹50 lakh before tax. It made donations eligible under Section 80G of ₹5 lakh and depreciation as per IT Act ₹7 lakh. What is the t...
A company has fixed costs of ₹80,000, variable cost per unit ₹40, and selling price per unit ₹60. What is the break-even sales (in units)?
If a firm’s interest coverage ratio falls from 6x to 2x over a year, it indicates:
Which of the following statements is true?