Question
P, Q and R invested their money in the ratio 4 : 5 : 7
respectively. The total amount invested by them was Rs. 5,90,000 and the profit earned was 40% of the amount invested. If they invested for the time period in the ratio 5 : 7 : 9, then what was the profit (in Rs.) received by Q?Solution
A company’s Balance Sheet includes: Equity ₹25 lakh, 10% Debentures ₹10 lakh, Land ₹20 lakh, Plant & Machinery ₹10 lakh, Inventory ₹5 lakh, ...
Goods worth Rs.100,000 taken by the owner for his personal use should be credited to:
According to Ind AS 16, if the cost of dismantling a plant in future is ₹5 lakh, and there's a present obligation, how should this be treated?
What is the minimum provision percentage on Doubtful Assets classified under IRAC norms (Doubtful for more than 1 year)?
An insurance investment plan offers a maturity value of ₹5,00,000 after 5 years. If the opportunity cost of capital is 9% compounded annually, calcula...
When a publicly listed company buys back its own shares from the market, it is known as:
A company issued ₹10 lakh equity, redeemed ₹5 lakh debentures, paid dividend ₹2 lakh. Received interest ₹1 lakh. What is net cash from financing?
State which statement is correct:
Which of the following is an example of capital expenditure?
A machine costing ₹2,00,000 has useful life 10 years, residual value ₹20,000. Depreciation under straight line for first year =
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