Question
When 17 years is subtracted from the present age of A
and the obtained result is divided by 2, then the present age of his nephew is obtained. If the present age of his nephew is 6 years less than the present age of A’s son who is 16 years old, then find the present age of A.Solution
Let the Present age of A be ‘x’ years Present age of his nephew = 16 – 6 = 10 years Therefore, {(x – 17)/2} = 10 Or, x – 17 = 20 Or, x = 37 Therefore, present age of A = 37 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: