Question
Shyam determined that his profit is 20% of the selling
price. What is his actual profit percentage based on the cost price?Solution
Let selling price of the article be Rs. 100 Profit = 100 × 0.2 = Rs. 20 So, the cost price = 100 – 20 = Rs. 80 Actual profit percent = [(100 – 80)/80] × 100 = 25%
Value of supply under section 15(1) is:
If a long-term investment suffers a permanent decline in value, how should it be accounted for under AS 13?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
In context of Goods and Service Tax, A supplier registered under composition scheme is required to issue which document at the time of making supply?
In case of redemption of debentures, Debt/equity ratio will:
Expiration of cost of intangible assets is referred to as:
A share is quoted at Rs. 60. An investor expects the company to pay a dividend of Rs. 3 per share, one year from now. The expected price of share after ...
1 Auditing begins where ______ ends.
Calculate Cash ratio of the company?
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
Relevant for Exams:
