Question
Which organization is in talks with the Ministry of
Electronics and Information Technology (MeitY) to develop an 'AI Audit Tool'?Solution
The Institute of Chartered Accountants of India (ICAI) is in talks with MeitY to develop an 'AI Audit Tool'.
Ratio of net profit before interest and tax to sales is:
ABC Ltd., a non- financial enterprise presents the following information for the year ended 31st March 2025:
• Proceeds from issue of equity sh...
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
A firm has sales of Rs. 50,00,000, variable costs of Rs. 30,00,000, and fixed costs of Rs. 10,00,000. It has debt of Rs. 20,00,000 at 10% interest. What...
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
A company refinances a short-term loan (due in 4 months) after the balance sheet date but before the financial statements are authorised. Management arg...
Champion Ltd. define following data for calculating Current Ratio:
Current Assets Rs.20,00,000 ,
Inventories Rs.10,00,000 ,
Working Capital Rs.12, 00,000.
A company earns ₹20,00,000. Capitalisation rate is 10%. Equity capital is ₹1,00,00,000 (₹10 each). Dividend payout ratio is 40%. According to Walt...
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
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