Question
From a cask filled with wine, 108.75 liters are first
drawn and replaced with water. From this mixture 87 liters are drawn and replaced with water. The ratio of wine to water in the cask is now 3 : 2. How many liters of wine did the cask initially hold?Solution
The correct answer is A
How much deduction under section 80TTA of Income Tax Act is allowed?
A firm has the following details:
• Raw material holding: 25 days
• WIP: 15 days
• Finished goods: 20 days
• Receiva...
If a company sells its receivable to another party for collection, it is known as:
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
The loss of profit policy normally covers the following items:
(a) Loss of profit
(b) Standing charges
(c) Any increased cost of wo...
Which of the following Provident Fund is exempt up to 12% of employee's salary, from employer's contribution?
Which section of balance sheet shows ‘deferred tax liability’?
As per Companies Act, 2013, how long can an individual auditor be appointed in a listed company?
Section 54(b) of the Income Tax Act, 1961 refers to:
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