ICDS III (Income Computation and Disclosure Standard III) deals with Construction Contracts. It provides guidance on the recognition of revenue and determination of costs associated with construction contracts for the purpose of computing income under the Income Tax Act. This standard helps in determining the appropriate methods for recognizing revenue and costs related to construction projects.
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 1500. What will be the total amount received after 2 year...
Some amount out of Rs. 24000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
Pawan distributed his investment as follows: 25% of the total at an annual interest rate of 6%, 1/15th of the total at 8% per yea...
A certain amount of money at simple interest amounts to ₹1,404 in 2 years and to ₹1,560 in 5 years. What is the rate of simple interest per annum an...
Rs. 8000 is invested in scheme ‘A’ for 3 years and Rs. 4000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 6% p...
An investment of Rs. 9,600 at an annual interest rate of 'R' percent for three years yields a simple interest of Rs. 5,760. Calculate the compound inter...
A person invests ₹8000 in a scheme offering 5% simple interest per annum. After 2 years, the total amount becomes ₹8800. How much interest is earned...
A man invested Rs. 20,000 at simple interest of 10% p.a. If he had instead invested the same sum on compound interest of 10% p.a., compounded annually, ...
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 150. If...
