Question
A shipping company is required by law to bring all ships
into dry dock every five years for inspection and overhaul. What is the correct treatment for these charges?Solution
Overhaul expenditure might at first sight seem to be a repair to the ships but it is actually a cost incurred in getting the ship back into a seaworthy condition. As such the costs must be capitalized.
Goal 13 (Climate Action) records highest increase in score from ___ in 2020-21 to 67 in 2023-24.
Consider the following items in the two tables and choose the Correct Option.
Table A Table B
I- National Defence Public Good
...NPS for traders provide a monthly minimum assured pension of what amount after attaining the age of 60 years?
Recently the International Dairy Federation World Dairy Summit 2022 has been inaugurated in ____________.
The Union Budget 2025–26 estimates total expenditure at ₹50.65 lakh crore and total receipts (excluding borrowings)at ₹34.96 lakh crore. What is t...
The _________ is a measurement of a country’s overall trade where the value of the goods and services it imports exceeds the value of the products it ...
How many traditional trades are initially covered under the 'PM Vishwakarma Yojana'?
What key initiative did the Prime Minister propose at the ASEAN-India Summit for enhancing economic engagement between South-East Asia, India, West Asia...
Which of the following committees under the PM Vishwakarma Scheme oversees the credit flow and interest subvention mechanism?
_____________ happens when people are not able to find jobs during some months of the year.
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