Question
Find the value of [P] –
[S]. Answer the following questions based on the information given below: A shopkeeper sold two types of masks i.e. surgical and N95. Number of surgical masks sold on Monday is [P] which is 60 more than the number of N95 masks sold on same day. Number of surgical masks sold on Tuesday is [Q] which is 20% less than that on Monday and number of N95 masks sold on Tuesday is [R]. Total masks sold on Tuesday is 28% less than that on Monday while total masks sold on Tuesday is 432. Number of N95 masks sold on Wednesday is [S] which is 15% more than number of surgical masks sold on same day. Ratio of total masks sold on Monday to Wednesday is 60:43.Solution
Total number of masks sold on Monday = 432/0.72 = 600 Number of N95 masks sold on Monday = (600 – 60)/2 = 270 Number of surgical masks sold on Monday [P] = (600 – 270) = 330 Total number of masks sold on Tuesday = 432 Number of surgical masks sold on Tuesday [Q] = (80/100) × 330 = 264 Number of N95 masks sold on Tuesday [R] = 432 – 264 = 168 Total number of masks sold on Wednesday = (600/60) × 43 = 430 Number of surgical masks sold on Wednesday = (20/43) × 43 = 200 Number of N95 masks sold on Wednesday [S] = 430 - 200 = 230  Required value = 330 – 230 = 100  
- With respect to standard costing, which of the following statement is incorrect? 
- Under which of the following accounting systems, real & nominal accounts are ignored? 
- If an asset’s recoverable amount is less than its carrying amount, what is the correct treatment under Ind AS 36? 
- Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens? 
- Which of the following reports must be mandatorily submitted by an insurer's statutory auditor to the IRDAI annually? 
- Which of the following is not regarded as Time adjusted or Discounted Cash flows technique of capital budgeting? 
- Which of the following Indian Accounting Standard (Ind AS), deals with the reporting and disclosure of contingent liabilities and contingent assets? �... 
- XYZ Ltd. buys software for ₹10 lakh, with a license period of 3 years. How should it treat this in books? 
- A machine was purchased on 1st April 2020 for ₹5,00,000. Useful life is 5 years with residual value ₹50,000. Depreciation is charged using written d... 
- CERSAI was established to prevent fraudulent lending transactions against equitable mortgages. What does the ‘S’ in CERSAI stand for?