Question
A’s age is the eighth part of his father’s
age. After 12 years, the age of A’s father will be twice the age of B. If B’s 8th birthday is celebrated 6 years ago, then what is the current age of A?Solution
Let A’s age be x years and father’s age be 8x years. Present age of B = 8 + 6 = 14 years After 12 years, => 8x + 12 = 2(14 + 12) => 8x = 52 – 12 => x = 40/8 = 5 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: