Get Started with ixamBee
Start learning 50% faster. Sign in now
The principle of prudence requires that when making accounting estimates or determining the value of assets or liabilities, a degree of caution should be exercised. This means that potential losses should be recognized in the financial statements, even if they have not yet occurred, while potential gains should only be recognized when they are realized. In the case of inventories, the principle of prudence suggests that inventories should be valued at the lower of cost or net realizable value to ensure that the carrying amount of inventories in the financial statements is not overstated.
The ratio of age of A and his son is 8:5. If the difference of their ages 8 year ago is 15, then find the sum of ages of A and his son 10 year hence.
The ratio of ages of A, B and C is 2 : 4 : 5 and sum of their ages is 77. Find the ratio of A's age to B's age ten years hence.
2n years ago, the age of Rahul was four times that of his son and n years ago, the age of Rahul was thrice that of his son. If n years later, the sum of...
The difference between the compound interest and simple interest on a certain sum for 2 years at 12% per annum is 144. Find the principal amount.
B is 3 years older than A and A is 6 years older than C. If the sum of the age of A and C is 26 years, then find the sum of the ages of all three.
The ages of A, B and C together are 42 years. B is twice as old as A and C is 2 years older than A. What is the difference between ages of B and C?
Age of ‘A’ after 8 years will be three time of his age 20 years ago. Eight years hence from now, ratio of ages of ‘A’ and ‘B’ will be 2:3, r...
Naren got married 4 years ago. His current age is 8/7 times his age at the time of his marriage. At the time of his marriage, Naren’s sister was 6 yea...
Currently, Mandeep is 25% older than Sandeep. Four years from now, the combined ages of Mandeep and Sandeep will total 53 years. Given that Ramandeep's ...
The ages of X and Y are in the proportion of 6: 5 and the total of their ages is 44. The proportion of their ages after 8 years will be:
