Question
A company purchases land for ₹50 lakh and incurs ₹10
lakh on its development. What should be the accounting treatment for development expenses?Solution
Development cost directly attributable to the acquisition of land should be capitalised along with the cost of land under AS 10 / Ind AS 16 (PPE).
In each of the following questions, a word is given in bold. Choose the option that is closest in meaning (synonym) to the given word.
The lea...
SERENE
Choose the word that is the antonym of-
RECONDITE
Fear or hatred for books.
Ascetic
Complete the sentences given in List-I with the appropriate words given in List-II :
In each sentence below, four words are given in bold. One of them may be incorrectly spelt. Identify the incorrectly spelt word. If all are correct, ch...
Whit
Select the most appropriate synonym of the given word.
Surreptitious
In the following questions, the descriptive sentence is aptly described by just one word. Select the choice which gives the meaning most appropriately...
