Question
A toy is sold for Rs. 800 at 60% profit when profit is
calculated on selling price. Find the profit% on cost price?Solution
Selling price = Rs. 800 Profit on selling price = 60% Profit = 800 × 60/100 = Rs. 480 So, cost price = 800 - 480 (selling price - profit) = 320 Profit on cost price = 480/320× 100 = 150%
When the liquidation expenses are paid and borne by the transferee company, which of the following entry is made in the books of transferor company?
Goods worth Rs.100,000 taken by the owner for his personal use should be credited to:
Which ratio measures the efficiency of a company in using its assets to generate sales?
As per General Financial Rules, 2017 who has been given full powers to make their own arrangements for procurement of goods and services, that are not a...
Opening Stock ₹ 2,00,000
Closing Stock ₹ 2,20,000<...
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and t...
Which of the following is a condition that makes a fixed budget suitable?
Which among the following ratios is a part of Liquidity Analysis?
What is the minimum amount of loan outstanding of a borrower or a guarantor who has committed wilful default , to be known as a Wilful defaulte r?
Relevant for Exams:
