Question
The average age of three children is 15 years. If their
ages are in the ratio 2:3:4. Find the age of the youngest child.Solution
Total age of three children = 15 × 3 = 45 years Let their ages be 2x, 3x and 4x respectively. => 2x + 3x + 4x = 45 => 9x = 45 => x = 5 Therefore, the age of youngest child = 2 × 5 = 10 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:
