Question
Five years later, the sum of the ages of P and Q will be
55 years. If their current age ratio is 2:3, find the difference between their ages.Solution
Let the present ages of P and Q be 2x and 3x years.
Sum of their present ages = 55 - 10 = 45 years
ATQ,
(2x + 3x) = 45
5x = 45
So, x = 9
Difference between their present ages = (3x - 2x) = x = 9 years
Focus of financial management is to address three major financial decision areas.
Which of the following in not the major financial decision area?
Salary or wages under bonus act includes:
Which of the following best describes a "nominee director" in a company?
XYZ Ltd. presented the following summary for the year ended 31st March 2024: Net Profit before tax ₹18 lakh, depreciation ₹2 lakh, gain on sale of f...
A company claims depreciation of ₹15 lakhs as per tax laws but only ₹10 lakhs as per books. How should this temporary difference be treated?
A charge in or upon any movable property, existing or future, created by a borrower in favor of a secured creditor without delivery of possession of the...
The 'CAG' stands for:
Opening work in process inventory can be calculated as under
Consider the following for Q Co. for the year 2021-22:
• Cost of goods available for sale: ₹1,00,000
• Total sales: ₹80,000
A mutual fund has the following assets and liabilities:
Assets:
Stocks: $100 million
Bonds: $50 million
C...