Question
Which of the following farm expenses DOES NOT come under
variable cost? ÂSolution
Property taxes are fixed costs, while labour, fertilisers and seeds are variable costs that change with production scale.
Which of the following is not shown in the statement of profit and loss under Ind AS?
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of deben...
In preparing financial statements as per Schedule III of the Companies Act, ABC Ltd. classifies ‘Share Application Money Pending Allotment’ under cu...
Under Schedule III, which of the following is classified under ‘Other Current Liabilities’?
XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates...
Which of the following best describes capital work-in-progress (CWIP)?
As per Schedule III of the Companies Act, 2013, which is NOT a part of the financial statements?
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of deben...
Which of the following items is included in operating profit?
To assess the capital invested in the company's operations, K Ltd. needs to determine the capital employed. Given the provided financial data, what is t...
