Question
Which of the following statement is correct about
natural resources? I. Resources that are drawn from Nature and used without much modification are called natural resources. II. Natural resources can be broadly categorized into renewable and non-renewable resources.Solution
The correct answer is A
Which of the following cost are not excluded from the cost of inventories as per AS 2:
In an organization, the actual sales were ₹10 lakh while the budgeted sales were ₹12 lakh. The cost was ₹6 lakh vs budgeted cost of ₹7 lakh. Wha...
A company purchases goods worth ₹10 lakh + 18% GST, uses 70% for taxable supplies and 30% for exempt supplies. Calculate eligible ITC.
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
What is the effect on debt-equity ratio when a company issues bonus shares?
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
Find out the Ordering Level from the following information:
Sunita accepted a 90 days bill of Rs. 20,000/- drawn by Vinita on 05.02.2017. On 13.03.2017 Sunita wished to retire the bill. Vinita offered rebate @ 1...
As per taxation terminology, Income of a particular year is taxable in the immediately following year. Immediate following year is called as ………�...
Which of the following is true for provisions vs contingent liabilities?
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