Question
My grandmother was 9 times older to me 18 years ago. She
would be 3 times of my age 9 years from now. 9 years ago, what was the ratio of my age to that of my grandmother?Solution
Let my age 18 years ago be x years My grandmother’s age at that time = 9 x years My present age = (x + 18) years My grandmother’s present age = (9 x + 18) years According to question 3(x + 18 + 9) = (9 x + 18 + 9) 3 x + 81 = 9 x + 27 9 x - 3 x = 81 – 27 6 x = 54 x = 9 Now, ratio of ages 9 years ago = (x + 18 -9 )/(9x +18 - 9) = (9 + 18 - 9)/(9 × 9 + 18-9 )=18/90 = 1:5
Which IND AS governs accounting for insurance transactions in India?
Which of the following is an example of an intangible asset?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
In government project accounting (like infrastructure projects), revenue recognition may use percentage-of-completion method. Which of the following bes...
A company makes the following purchases during a month: 100 units at ₹10 each on 1 July and 200 units at ₹12 each on 14 July and later, on 25 July, ...
A trucking company purchases a delivery truck for ₹12,00,000. It expects the truck to deliver 3,00,000 km over its life and have a salvage value of �...
Match the following:
Which of the following is NOT a type of insurance?
Expiration of cost of intangible assets is referred to as:
Zero-Based Budgeting (ZBB) requires:
Relevant for Exams: