Question
A shopkeeper bought two articles for Rs. 450 each. If he
sold one of them at 40% profit and the other at 22% loss, then find the difference between the selling prices of both the articles.Solution
Selling price of one of the articles = 450 × 1.4 = Rs. 630 Selling price of the other article = 630 × 0.78 = Rs. 351 Required difference = 630 – 351 = Rs. 279
What is the net present value of the project with a 3-year life and a cost of ₹2,00,000 that generates revenues of ₹50,000 in year 1; ₹1,00,000 in...
GSTN is a -----------
Opening work in process inventory can be calculated as under
Which ICDS deals with Accounting Policies?
XYZ Ltd has the following financial data:
• Inventory Holding Period: 90 days
• Receivables Collection Period: 60 days
• Paya...
For the financial year ended 31st March 2023, the figures extracted from the balance sheet of ABC Ltd. are as under:
Opening stock 29,000 Closing...
IND AS 115 prescribes a 5-step model for recognition of revenue, identify the correct sequence of the following steps given below:
�...
Which of the following statements about the accrual basis of accounting is true?
A firm’s current ratio is 1.5:1 and quick ratio is 1.5:1. What does it suggest about inventory?
Under Section 194B of the Income Tax Act, 1961, any person responsible for paying any person any income by way of winning from any lottery or crossword ...
Relevant for Exams:
