Question
In a lottery, there are 11 prizes and 30 blanks. A
lottery is drawn at random. What is the probability of getting a prize?Solution
P (getting a prize) = 11/(11 + 30) = 11/41.
On 1st Jan, X Ltd. purchased machinery from USA for $50,000 when exchange rate was ₹75/$ = ₹37,50,000. At balance sheet date (31st March), rate = �...
An insurer faces a probable liability of ₹25 lakh from a pending court case related to motor insurance. As per Ind-AS 37, how should the liability be ...
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
Which of the following statements is correct?
Change in the capital A/c of proprietor may occur due to _____________
ICDS II deals with which of the following aspect?
Opening work in process inventory can be calculated as under
What is the maximum cost of the project/unit allowed under PMEGP for 2nd loan in the manufacturing sector (for upgradation)?
  From the following information calculate the amount of sales to earn a desired profit of Rs.6,000
Fixed Cost: 12,000
Selling Price: ...
Which financial statement helps in assessing liquidity and solvency?
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