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Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
XYZ Radiology Centre acquired a new imported X-ray machine for Rs.10,50,000. Octroi paid on the machine was Rs. 5,000. Expenses of setting up and start...
The standard cost of labour for 1 unit is 2 hours at ₹50 per hour. Actual production is 100 units and actual labour cost is ₹11,000 for 200 hours. W...
If an accounting information is free from errors, then which qualitative characteristic is reflected?
Accruals are recorded in the books of accounts through:
V Ltd. sells Customer C a water purifier and maintenance service for 2 years for a total consideration of Rs 20,000. As per IND AS 115, determine how m...
Opening Stock ₹ 2,00,000
Closing Stock ₹ 2,20,000<...
What does the management principle, "Principle of Order" developed by Henry Fayol signify?
A bill of ₹2,00,000 is drawn for 90 days and discounted at 10% p.a. Calculate the amount of discount and proceeds received. Assume 360 days in a year....
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
