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Start learning 50% faster. Sign in nowThe correct answer is D
While preparing cash flow statement, an entity (other than a financial institution) should disclose the dividends received from its investment in shares...
Which of the following formulae correctly calculates the Operating Profit Margin?
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
Which of the following appears on the Balance Sheet?
If a purchase return of ₹1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers’ a...
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
Company A has a current ratio of 1.2:1 and quick ratio of 0.9:1. It also has significant inventory holding. What does this indicate about the company’...
Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?
A firm uses 70% debt financing at 10% interest. Its ROE rises despite flat operating profits. What explains this phenomenon?
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
