Question
A’s age is the sixth part of his father’s
age. After 8 years, the age of A’s father will be twice the age of B. If B’s 6th birthday is celebrated 2 years ago, then what is the current age of A?Solution
Let A’s age be x years and father’s age be 6x years. Present age of B = 6 + 2 = 8 years After 8 years, => 6x + 8 = 2(8 + 8) => 6x = 32 – 8 => x = 24/6 = 4 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: