Question
A and B can complete a task in 25 days. B alone can
complete 33 1/3 % of the same task in 15 days. In how many days can A alone complete 4/15th of the same task?Solution
A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
The party who is entitled to receive the payment of a bill of exchange is called the:
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
Noting charges are ultimately borne by the:
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Accounts relating to income, revenue, gain expenses, and losses are termed as:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
The person in whose Favor a bill is endorsed is called:
Which accounting standard governs the treatment of inventories in India?
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