Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect to consumers' income
(2) It is calculated by dividing percentage change in quantity demanded by percentage change in consumer income
The correct answer is C
If the policy is without average clause, a claim for loss of profit will be?
Which of the following are an auditor’s objectives with regard to verification of assets?
(i) Assets exist
(ii) Assets belong to the c...
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
ABC Ltd purchased raw materials worth Rs.1 lakh during FY19. It had opening stock of raw materials of Rs.12,000 at the beginning of the year and closed ...
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
In India, the GST is based on the dual model GST adopted in:
Which of the below import duties would be imposed?
An interface that allows user to store data in a two-tier architecture is known as _______.
From 1st April 2010, non-furnishing of PAN to the deductors results in TDS at much higher rate of ________ or even more.
Fill in the blanks by selecting appropriate word/s the List II.
List I:
1. The _________ ratios are primarily measures of return: 2. Th...
