Question
P says to Q “I am four times as old as you were
when I was as old as you are”. The difference between their ages is 15 years. Find the sum of their ages?Solution
P says to Q “I am four times as old as you were when I was as old as you are”. P = 4[Q- (P-Q)] P = 4Q – 4P + 4Q 5P = 8Q ………………….(i) P – Q = 15 …………………(ii) By solving (i) and (ii), we get Q = 25 & P = 40 Therefore, sum of their ages = 40 +25 = 65 years
A company chooses not to record a small calculator worth ₹500 as a fixed asset. Which concept is being applied?
A company’s ROE is 18%. Net profit margin is 12%, asset turnover is 1.5 times. Calculate the equity multiplier.
If net profit is ₹1,20,000 and total sales is ₹8,00,000, what is the Net Profit Margin, as per Vertical Analysis?
What does section 6 of the Income Tax Act deal about?
XYZ Ltd. buys software for ₹10 lakh, with a license period of 3 years. How should it treat this in books?
A company has a net profit of ₹5,00,000 and 1,00,000 equity shares outstanding at the beginning of the year. During the year, it issued 50,000 additio...
Under the head Income from other sources, Family pension received is exempted upto ______.
What is the primary objective of the Reserve Bank of India (RBI)?
Accounting has been referred to as the__________of business.
Application for cancellation of registration shall be submitted electronically in Form ______.