Question
3 years ago, the ratio of the ages of A and B was 1:2
and after 5 years it will become 3:5. Find their present ages.Solution
3 years ago, Let the ratio of ages of A and B = x:2x According to the question, => (x + 8)/(2x + 8) = 3/5 => 5x + 40 = 6x + 24 => x = 16 Present age of A = x + 3 = 19 years Present age of B = 2x + 3 = 35 years
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: