Question
A boat running downstream covers a distance of 48 km in
3 hrs and covering the same distance upstream in 12 hrs. What is the speed of a boat in still water?Solution
Downstream speed = 48/3 = 16 km/hr Upstream speed = 48/12 = 4 km/hr So speed of boat in still water = (16 + 4)/2 = 10 km/hr
The term depletion is used in relation to
A company incurs heavy advertising expenditure of ₹2 crore in launching a new product. It wishes to defer the expense over 4 years. As per accounting ...
There can be variety of budget. Name the budget which relates to a particular function of the business.
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
Which of the following is the correct full form of REIT?
X & Y share profits in the ratio of 1: 4. Z has been admitted with ½ shares in profits. What will be the new profit sharing ratio of the partners?Â
Which of the following statements are required to verify trade creditors?
Statement 1: Obtain the schedule of creditors and examine it with refer...
The Debt Equity ratio of a company is 1.6. Which of the following events is likely to improve the debt equity ratio of the company?
Unearned premium reserve (UPR) at year-end requires time-apportionment for annual policies. For a policy written on 1 Nov with annual premium ₹24,000,...
An auditor is required to determine the ________ of audit procedures according to the requirements of Standards on Auditing.