Question
The time required for a sum of money to amount to five
times itself at 16% simple interest p.a. will beSolution
Let Principal = x Amount = 5x Simple Interest = 5x-x=4x Simple Interest = (P ×R ×T)/100 4x = (x ×16 ×T)/100 T = 25 years. Alternate method: Principal (100) → amount (500) So interst = 500 -100 = 400% @ 16% So time = 400/16 = 25 years
As per Schedule III, Share Application Money pending allotment is shown under:
XYZ Ltd. changed the format of its Statement of Profit and Loss from ‘nature of expense’ method to ‘function of expense’ method in accordance wi...
The Division III, inserted in Schedule III of the Companies Act, 2013, prescribes the format for preparation of financial statements of which of the fo...
In preparing financial statements as per Schedule III of the Companies Act, ABC Ltd. classifies ‘Share Application Money Pending Allotment’ under cu...
Which of the following items is included in operating profit?
XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates...
As per Ind AS 16, subsequent expenditure on property, plant and equipment is capitalized when it:
Which of the following best describes capital work-in-progress (CWIP)?
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of deben...
Capital Reserve can be utilized for:
Relevant for Exams:
