Question
The earnings of Nikhil, Rohan, and Sumit are in the ratio
14:12:9. Their savings maintain the ratio 7:6:4. If Rohan puts aside Rs. 18,000, which is 30% of his total income, then what is Sumit's expenditure?Solution
ATQ,
Income of Rohan = 18000 ÷ 0.3 = Rs. 60,000
Income of Sumit = 60000 × (9/12) = Rs. 45,000
Saving of Sumit = 18000 × (4/6) = Rs. 12,000
Expenditure of Sumit = 45000 - 12000 = Rs. 33,000
Which financial statement helps in assessing liquidity and solvency?
Which of the following is the correct full form of REIT?
The audit that is made compulsory under statute is called _________.
Goodwill is considered as:
During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?
The return forgone for the undertaking an investment is known as?
While calculating the claim outstanding at the end, which claims are considered?
Window dressing implies which among the following?
As per AS 9, revenue from sales of goods should be recognized when:
An insurance company issues a one-year policy for ₹1,00,000 sum assured. Expected mortality rate = 0.001, expenses ₹50 per policy, risk-free discoun...
