Question
A company decides not to record a calculator worth
Rs.500 as a fixed asset and instead expenses it off. Which accounting concept is being applied?Solution
Under the Materiality concept, items of small or insignificant value that do not affect the true and fair view of financial statements can be written off as expenses instead of capitalizing. The calculator's cost is low, so treating it as an expense is justified.
In ΔABC, PQ is parallel to BC If AP: PB= 2:5 and AQ= 2 cm, AC is equal to?
Find the difference between angle and its complement if the angle is five-thirteenth of its complement.
Two angles are complementary. The larger angle is 6° less than thrice the measure of the smaller angle. What is the measure of the larger angle?
If G is the centroid and AD, BE, CF are three medians of ∆BDG with area 6cm 2 , then the area of ∆ABC is?
ABCD is a square. P, Q, R and S are points on the sides AB, BC, CD and DA respectively such that AP = BQ = CR = DS. Angle SPQ equal to ?
Let two chords AB and AC of the larger circle touch the smaller circle having same centre at X and Y. Then XY = ?
In the given figure CD is parallel to AB then ∠y is?
If O is circumcentre of acute angled triangle ABC, if ∠ BAC = 40 ˚ then ∠BOC = ?
In a rectangle PQRS, there is a point A located within the interior of the rectangle. The distances from point A to three vertices of the rectangle are ...
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