Question
P deposited ₹31250 in a bank at the rate of 8%
compound interest compounded annually. Find the interest received by P after 3 years.Solution
Interest received after 3 years = 31250 {(1 + 8/100) 3 - 1} = Rs 8116
The fundamental accounting equation, Assets = Liabilities + Equity, can be alternatively expressed as:
Goods can be purchased through GeM without inviting quotations on the basis of a certificate to be recorded by the competent authority up to the value o...
A factory has direct material cost of ₹2,40,000 and direct labour of ₹1,60,000 for a batch of 1,000 units.
Factory overheads are absorbed at ...
As per Section 127 of the Companies Act, 2013, in relation to punishment for failure to distribute dividends, where a dividend has been declared by a co...
Which strategic response approach to the environment, does the following statement relates to?
They seek to monitor the changes in that environme...
Under GST, input tax credit cannot be claimed for:
What is the maximum number of directorships a person can hold in Indian companies as per Companies Act, 2013?
Calculate the inventory turnover ratio:
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
A loan given to an entity with investment in plant and machinery up to ₹5 crore and turnover up to ₹50 crore will be classified under which category?
