Question
Which is the correct match for increase in the carrying
value of Land and Buildings on account of revaluation?Solution
Increase will be the part of unrealized profits. The difference in the carrying amount of asset and the revaluation amount goes to the revaluation reserve which indicates the unrealised profits.
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The compound interest on a certain sum for 2 years at 10% per annum is Rs. (x+420). The simple interest on the same sum at the same rate for the same ti...
A sum of money amounts to ₹12,960 in 2 years at compound interest. If the rate of interest is 10% per annum, what is the principal amount?
What is the compound interest in a sum of 7500 for 12/5 years at 20% p.a., interest compounded yearly (nearest to an integer)?
