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Under the Cash Basis of Accounting, only cash inflows and outflows are considered. A's cash income is calculated by subtracting the actual cash expenses (₹1,90,000) from the cash revenues (₹3,90,000), resulting in a net income of ₹2,00,000.
From the below mentioned, IND AS 16 can be applied to which of the following?
Contribution to Pension Scheme notified by the Central Government under section 80CCD (1) provides a deduction for the amount paid or deposited by an em...
Calculate debt to total assets ratio of the company?
Ramnaresh & traders initiated their business on 1st April 2007 with ₹ 12,000 by 6000 units at the rate of ₹ 2 per unit. During the year he sold thes...
ARP is a manufacturing concern. They come to you with following the details:
Variable Cost: ₹ 50,000
Fixed Cost: ₹ 20,000
Selli...
Which of the following best describes the amount by which the carrying amount of an asset exceeds its recoverable amount?
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
Section ______ of the Income Tax Act, 1961, defines the term ‘Assessment Year’.
Read the following information to answer the below questions:
From the following data calculate Labor rate variance.
Actual production = 1000 units.
Actual hours = 15,300.
Actual rate = Rs. 3.9...