Question
Accounting rules, practices and conventions should
remain same from one year to another as per the _______Solution
The convention of consistency is an accounting principle that requires businesses to use the same accounting methods and procedures from year to year. This helps ensure that financial statements are comparable over time and that users can make meaningful comparisons between different periods.
Pipe A fills a tank in 24 hours. Pipe A and B together fill it in 8 hours. Pipe B and C together also fill it in 8 hours. Find the time taken by A, B an...
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A bought an article at 8% less of the marked price and sold it at 15% more than the marked price. Find the profit earned by him.
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Pipe A and B can fill a tank in 36 and 45 hours. Pipe C can empty the tank in ‘x’ hours. If all three are opened, the tank is filled in 60 hours. Fi...
Pipe ‘A’ can fill a tank in 12 hours whereas pipe ‘B’ can empty it in 30 hours. If both pipes are opened together while pipe ‘B’ is closed a...
Pipe 'C' alone takes 5 more hours to fill the tank than the time taken by pipe 'C' and pipe 'D' together. Find the approximate ti...
Pipe 'A' can fill a water tank in 6 hours, while pipe 'B' requires 8 hours to do the same. When a third pipe, 'C', also contributes, the tank is filled ...
Pipe ‘A’ and pipe ‘B’, together can fill 20% of a tank in 6 hours while pipe ‘C’ takes 36 hours to empty it. ...
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