Question
If the price elasticity of demand for apples
is 3, then what will be the impact on total revenue if price increases?Solution
TR decreases for goods with elastic price elasticity.
The purpose of preparing final accounts is to ascertain         .
What is the journal entry for purchasing Machinery from M/S Darjeeling?
While preparing a Cash Flow Statement using the Indirect method as required under AS 3, which of the following will not be deducted from/added to the Ne...
Entity issues convertible debentures that are dilutive. Net profit = ₹100 crore; weighted average equity shares = 10 crore. If converted, debentures w...
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...
Which of the following statements is FALSE?
Which of the following is an example of a change in accounting policy that must be disclosed under AS 1?
According to section 2(i), “an agreement which is enforceable by law at the option of one or more parties thereto, but not at the option of the other ...
For every debit there will be an equal credit according to
In monetary policy operations, the Reverse Repo Rate refers to:
