Question
Find the sum of the first 15 natural
numbers.Solution
Sum of first 'n' natural numbers = n(n + 1) ÷ 2
Required sum = 15 × (15 + 1) ÷ 2 = 15 × 16 ÷ 2 = 120
A bill discounted or purchased (with recourse) by a bank becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
Selling price per unit = ₹50, Variable cost = ₹30, Fixed cost = ₹1,00,000. Calculate break-even sales and contribution margin ratio.
A company repays part of long-term loan. In cash flow statement (indirect method), repayment is shown in:
Which of the following is the main channel used by banks to deliver financial services in remote rural areas?
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
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What is the main purpose of the Central KYC Records Registry (CKYCR) in India?
Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as ___________ to attend an...
Classify the following under the respective head in balance sheet:
Items:
I. Current maturities of long-term debt
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