Question
The practice of appending notes regarding contingent
liability in accounting statements is pursuant to:Solution
The Convention of full disclosure ensures that all material information, including contingent liabilities, is disclosed in the financial statements. This helps users understand potential risks and uncertainties related to the company's financial position.
The speed of a boat is that of the current of water is 40:3. The boat goes along with the current in 3 hours 8 minutes. It will come back in
Speed of a boat in still water is three times the speed of the boat in upstream. If the boat takes 25 minutes to cover 25 km in downstream, then find th...
A boat goes 5 km an hour in still water, but takes twice as much time in going the same distance against the current. The speed of the current (in km/ho...
A man can go on a motor boat with a speed of 15 km/hour in still water to a certain upstream point and come back to the starting point in a river which ...
Speed of a boat in still water is 10 kmph and speed of stream is 6 kmph. A man rows to a place at a distance of 32 km and come back to starting point. T...
A man rows 40 km upstream and 60 km downstream in 8 hours. If the ratio of his upstream speed to downstream speed is 2:3, then find the time required to...
A boat can travel 270 km downstream in 9 hours and 63 km upstream in 14 hours. Find the speed of the current.
Speed of a boat in still water to speed of boat in upstream is 10:7. If the boat can travel 390 km in downstream in 5 hours, then find the time taken by...
A boy can swim in water with a speed of 16 km/hr in still water. If the speed of the stream is 9 km/hr, what will be the time taken by the boy to cover ...
A man can row 8 km/hr in still water. If the speed of the current is 2 km/hr, it takes 5 hours more in upstream than in the downstream for the same dist...
Relevant for Exams:
