Question
In a class of 40 students, 60% are boys. How many girls
are there in the class?Solution
Number of boys = 60% of 40 = (60/100) × 40 = 24 Number of girls = Total − Boys = 40 − 24 = 16
ABC Ltd. records a lease as an asset and a corresponding liability in its books under Ind AS 116. The company uses this asset in operations and deprecia...
Classify the following under the respective head in balance sheet:
Items:
I. Current maturities of long-term debt
Under Companies (Auditor's Report) Order, 2020, reporting is NOT applicable to which of the following companies?
Which of the following is NOT a component of internal control?
Parent Co. acquires 80% of Subsidiary Co. for ₹16,00,000 when Subsidiary’s net assets are ₹15,00,000. At acquisition, the fair value of minority i...
According to AS 3, "Cash Equivalents" are:
From the following given information, calculate inventory turnover ratio:
Revenue from operations = Rs.200,000 Average Inventory = Rs.20,000 <...
Under which method are extraordinary items presented separately in the statement of profit and loss?
Provision of section 139(3) of the income Tax Act, 1961 is relating to ______.
A company reports the following transactions for the year ended 31st March 2025:
• Equity Share Capital increased by ₹4,00,000 (including ₹...
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