Question
As per the accounting standards, the impairment loss on
a revalued asset is recognised in _______Solution
An impairment loss on a non-revalued asset is recognised in profit or loss. However, an impairment loss on a revalued asset is recognised in other comprehensive income to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that same asset. Such an impairment loss on a revalued asset reduces the revaluation surplus for that asset (AS 36).
A bag contains 700 coins of 25p denomination and 1400 coins of 50p denominations. If 17% of 25p coins and 34% of 50p coins are removed, the percentage o...
A man's income was raised by 25%, which led him to increase his expenditure by 12.5%. As a result, his savings grew from Rs. 4,800 to Rs. 8,400. What is...
In an examination in which full marks were 400. Harry got 20% more than Peter, Peter got 20% less than Tony. If Harry got 240 marks. What percentage of ...
A student multiplied a number by 8/5 instead of 5/8. What is the percentage error in the calculation?
The income of Tina is Rs.20000 and she saves 25% of her income. The savings of Kajal is Rs.1200 more than that of Tina and she spends 50% of her income....
What is the rate of interest (in %) if simple interest earned on a certain sum for the 3rd year is Rs 2,000 and compound interest earned in 2 years is ...
P spends 27% of his salary on transportation, 30% on food, 18% on children’s education and 16% on medical. He deposits the remaining amount of Rs....
There were two candidates in an election. 10 % of the total voters did not cast their votes whereas 15% of the casted votes were declared invalid. If th...
'V' sold 40% fewer candies than 'P' did. The ratio between the quantity of candies sold by 'V' and 'B' is 4:7. If 'B' sells 630 sweets, get the number o...
The total strength of school A is 40% more than that of school B. In school A and B, out of total number of students, 10% and 30% respectively are girls...
