Question
Out of his total income, Rahul spent 25% on rent, 35% of
the remaining income on groceries, and saved 60% of the income left after his expenses.Solution
ATQ, Let the income of Rahul = Rs. '100y' Amount remaining with Rahul after his expenses on rent = 100y - 100y × 0.25 = Rs. '75y' Amount remaining with Rahul after his expenses on groceries = 75y - 75y × 0.35 = Rs. '48.75y' Amount saved by Rahul = 48.75y × 0.6 = Rs. '29.25y' If 29.25y = 58500, So, income of Rahul = 58500 × (100y / 29.25y) = Rs.2,00,000
As per accounting standards, inventory is to be valued at cost or net realizable value. Which of the accounting principle forms the basis of this standa...
Equity Multiplier allows the Investors to see: (In DuPont Analysis)
Which of the following concepts describes the line of authority should flow from top management to bottom?
What is the primary purpose of the money market?
Which one of the following is a second method of Calculation of Maximum Permissible Bank finance recommded by Tandon Committee?
MTG Ltd wants to buyback its shares. What is the maximum limit up to which it is allowed to buy-back its shares in a year?
If the company earned revenue from operations of Rs.18 lakh, what is the working capital turnover ratio of the company?
As per AS- 2 what should be the valuation of inventory from the following information:
Purchase Price = 2000
Trade Discount = 200
C...
Which of the following is NOT a component of the CAMELS rating system used for bank evaluation?
 The application of audit procedures to less than 100% of items within a population of audit relevance is:
