ICDS III, which stands for Income Computation and Disclosure Standard III, deals with "Construction Contracts." It provides accounting and recognition guidelines for revenue and expenses related to construction contracts, ensuring consistent and accurate financial reporting in the construction industry. This standard helps in determining when and how to recognize revenue and expenses associated with long-term construction projects.
In month of June Salary of Arjun is Rs.30000 and his expenditure is Rs.20000. In month of July salary of Arjun increased by 20,000 and expenditure incre...
Anju spends 16% of her monthly income on rent, 22% of it on groceries, 14% of it on children's education and 50% of the remaining on other items. If ₹...
Arjun Spends 20% of his income to food, then spends 15% of the remaining amount on rent, followed by 25% of what remains on trave...
Average income of 'Ishan' and 'John' together is Rs. 60,000. Whereas the average expenditure of 'Ishan' and 'John' is Rs. 38,000....
Determine Rohit's monthly salary if he allocated 40% of it to house rent, then 32% of the remaining amount on traveling. After accounting for his food e...
Monthly income of Sneha is Rs. 32,000 and the ratio of her monthly expenditure to monthly savings is 4:4 respectively. If the average monthly savings of...
The ratio of "Bhuvan's" income to "Chetan's" expenses is 3:1. The amount that "Anoop" spends is the same as "Chetan's," which is 20% less than "Bhuvan's...
A company has three departments: A, B, and C. The total monthly salary expenditure is ₹1,200,000. Department A spends 50% of the total salary, Departm...
There are 50 students in a school canteen. Due to new admissions, 20 new students join the canteen. The daily expenses of the can...
Rishu saves x% of her income. If her income increases by 26% and the expenditure increases by 20%, then her savings increase by 50%. What is the value of x
