Question
What grade did the IMF assign to India’s national
accounts statistics (GDP, GVA)?Solution
The IMF gave India’s national accounts statistics a ‘C’ grade, citing methodological weaknesses like outdated base year (2011-12), reliance on WPI instead of PPI, and absence of seasonally adjusted data.
Goodwill is considered as:
X Ltd. is absorbed by Y Ltd. Purchase consideration = ₹10,00,000. Assets taken over = ₹12,00,000, Liabilities = ₹3,00,000. What is the goodwill or...
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
ABC Ltd. projected sales of 45000 jeans trousers for the year 2016. The estimated stock on January 1st, 2016 is 3000 units and the desired stock on 31st...
Uncalled liability on shares and other partly paid investments will be shown under _______ head according to schedule III of Companies Act 2013.
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.40,000 and Income tax rate is 30%, what will be the Gros...
The new concept of One Person Company (OPC) introduced by the Companies Act, 2013 provides that OPC should be registered as a _____________ type of com...
Which of the following cost are not excluded from the cost of inventories as per AS 2:
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.
An insurer has Net Profit before tax ₹50 lakh, depreciation ₹8 lakh, increase in trade payables ₹5 lakh, decrease in inventory ₹2 lakh, and gain...
Relevant for Exams:
