Question
'A' spends 75% of his income,
while 'K' spends 80% of his income. Both of them save ₹7,500 each. The income of 'S' is one-third of the combined income of 'A' and 'K'. If 'S' spends 7/9 of his income, calculate his savings.Solution
ATQ,
Income of A = (7,500/0.25) = Rs. 30,000 Income of K = (7,500/0.2) = Rs. 37,500 Income of S = (1/3) × (30,000 + 37,500) = Rs. 22,500 Therefore, savings of S = (2/9) × 22,500 = Rs. 5,000
Which IND AS governs accounting for insurance transactions in India?
Which of the following is an example of an intangible asset?
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Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
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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:
Relevant for Exams: