Question
A shop sold 240 items in January. Sales increased by 25%
in February and decreased by 20% in March. Find average monthly sales for these 3 months.Solution
ATQ, Feb = 240 Ă— 1.25 = 300 Mar = 300 Ă— 0.8 = 240 Average = (240 + 300 + 240)/3 = 780/3 = 260
Parent Co. holds 80% in Subsidiary Co. The subsidiary reports profit of â‚ą10 lakh. What is the amount of minority interest in the consolidated P&L?
SA 500 refers to:
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Accrual concept of accounting requires:
Virat Ltd. issues 5,000 10% preference shares of â‚ą100 each at â‚ą96 each. The company proposes to redeem the preference shares at the end of the 10th ...
Window dressing implies which among the following?
Revenue should be recognized at the point of sale. Which principle is applied here?Â
Goods worth Rs.100,000 taken by the owner for his personal use should be credited to:
A company with higher current assets than current liabilities is said to have:
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