Question
The average age of a group of 10 friends is 27 years. If
one friend leaves the group, the average becomes 25years. Find the age of the friend who left the group.Solution
ATQ, The sum of ages of 10 friends is 270 (since the average is 27 years). If one friend leaves, there are 9 friends left, and the new average becomes 25 years. The new sum of ages is 225. The age of the friend who left is the difference between the original sum and the new sum = 270 - 225 = 45. So, the age of the friend who left the group is 45 years.
The method of inventory valuation that assumes that the most recently purchased items are the first to be sold is called:
In insurance accounting, what does the "claims reserve" represent?
Donation given by any person except by Indian company to Political Parties or Electoral Trust is allowed under which section?
What type of banking transaction allows customers to invest in a diverse portfolio of stocks, bonds, and other securities?
In relation to Accounting for Investments, which of the following statements is/are correct?
Statement-1: The carrying amount for long-term inves...
A firm enters into a 3-year lease for equipment: present value of lease payments at commencement = ₹9,00,000. Useful life of equipment = 5 years. Less...
Input Tax Credit (ITC) under GST can be claimed by a registered person on:
State which statement is incorrect:
As per the Union Budget 2025–26, under the MSMED Act, 2006, to be classified as a medium enterprise, the annual turnover should be up to:
After adjusting the advance tax and tax deducted at source, the assesse would arrive at the amount of net tax payable or refundable. Such amount should ...
Relevant for Exams:
