Question
Find the rate of interest if amount after 2 years on
simple interest on a capital of Rs 1000 is Rs 1200.Solution
ATQ, SI = (P × R × T)/100 SI = (1000 × R × 2)/100 SI = 20R = SI + P ⇒ 1200 = 20R + 1000 ⇒ 200 = 20R ⇒ R = 10%
Which of the following assessee is not liable to pay advance tax u/s 207?
In insurance accounting, what is "unearned premium"?
Calculate the inventory turnover ratio:
Which of the following can lead to multiple IRRs?
Goods costing ₹ 60,000 sold to Manish at a profit of 25% on sales less Trade Discount @ 5%.
Calculate the amount to be shown in Sales Account:
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
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What should be the correct Journal Entry for booking premium income in case of Incoming coinsurance:
Which method of depreciation results in higher depreciation in earlier years?
Which of these is a liability arising from construction contracts under percentage-of-completion where billings exceed progress?
If the labour efficiency variance is unfavorabie but the labour rate variance is favourable, which of the following could be a reason?
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