Question
Present ages of 'A' and 'B' are in the ratio 3:5,
respectively. If B's age, 10 years hence from now will be five times of A's age, 4 years ago from now, then find the present age of 'A'.Solution
Let the present ages of 'A' and 'B' be '3x' years and '5x' years, respectively. ATQ; (5x + 10) = 5 x (3x - 4) Or, 5x + 10 = 15x - 20 Or, 10x = 30 Or, x = 3 So, present age of 'A' = 3 x 3 = 9 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: