Question
If it was Sunday on 1st February 2020, then what was
the day on 1st October 2020?Solution
2020 is a leap year. So, 243 (29 + 31 + 30 + 31 + 30 + 31 + 31 + 30) days have passed till 1st October. The days of the week repeat themselves after 7 days. The number of odd days = 5 So, it was Friday on 1st October.
X Ltd. forfeits shares for non-payment of final call. These are reissued at a discount. Where is the discount adjusted?
ABC Ltd. has fixed operating costs of ₹50 lakh and interest cost of ₹20 lakh. It earned EBIT of ₹80 lakh on sales of ₹200 lakh. Calculate the op...
According to RBI’s discussion paper on the Expected Credit Loss (ECL) model for banks, how should the transitional adjustment amount be treated at the...
Standard material for 1 unit = 4 kg at ₹50/kg. For actual production of 1,200 units, actual material used was 4,800 kg costing ₹2,40,000. Calculate ...
Economic life of an enterprise is split into the periodic interval as per which concept?
Micro enterprises under MSME are defined (as per revised criteria) as units with investment up to:
Select the options that shows the name of the Account (Trading A/c, Profit & Loss A/c) and the side (Debit/Credit) against the given items to which thes...
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
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FIPB stands for:
What best describes a Bank Guarantee?
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