Question
In a classroom there are 15 boys and 13 girls. Average
age of each boy and each girl is 21 years and 17 years respectively. The sum of ages of all the boys, girls and a teacher whose age is ‘x’ years is 570 years. Find the value of ‘x’.Solution
Sum of ages of all boys = 15 x 21 = 315 Sum of ages of all girls = 13 x 17 = 221 So, 315 + 221 + x = 570 => x = 34
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: