Question
When 19 years is subtracted from the present age of A
and the obtained result is divided by 5, then the present age of his nephew is obtained. If the present age of his nephew is 10 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 – 10 = 6 years Therefore, {(x – 19)/5} = 6 Or, x – 19 = 30 Or, x = 49 Therefore, present age of A = 49 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: