Question
As per AS- 2 what should be the valuation of inventory from the following information: Purchase Price = 2000 Trade Discount = 200 Cash Discount = 100 Delivery Cost = 500 Import Cost = 600
More Basic Accounting Concepts Questions
- A seasonal manufacturing unit submits a monthly cash budget showing peak cash deficits of ₹18 crore in August, ₹22 crore in September and ₹15 crore in Octo...
- A company shows an increase in Fixed Assets of ₹30 crore during the year. During the same period, Working Capital decreases by ₹10 crore and a fresh Term L...
- Based on the same balance sheet data, the credit officer also wants to compute the capital gearing level of the borrower. Debt consists only of the term lo...
- A project has an installed capacity of 1,00,000 units. The break‑even sales level is estimated at 55,000 units and expected sales are projected at 70,000 u...
- A bank has funded exposure ₹100 crore with risk weight 100% and non-funded exposure ₹50 crore with credit conversion factor 50% and risk weight 100%. What ...
- A project proposes Debt of ₹140 crore and Equity (including reserves) of ₹60 crore. The industry norm allows maximum Debt–Equity of 2:1. What is the credit...
- Which of the following does not qualify as a cash equivalent under AS 3?
- Sukanya Samriddhi Account Scheme is one of the major schemes of Government of India targeted at the parents of girl children. The scheme encourages parents...
- A firm shows Net Profit ₹30 cr but Operating Cash Flow only ₹5 cr due to heavy receivables. Next year TL obligation ₹25 cr. What is the primary risk?
- A sub‑standard asset of ₹50 crore consists of secured portion ₹35 crore and unsecured portion ₹15 crore. As per RBI provisioning norms, secured portion att...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
