When the amount of a known liability cannot be determined accurately but is expected to be incurred, it is a common accounting practice to create a provision. A provision is a liability that is recognized when the amount is uncertain but can be reasonably estimated.
A merchant has 1200 kg of sugar, part of which he sells at 9% profit and the rest at 15% profit. He gains 11% on the whole. The quantity (in kg) sold at...
Ramu has lent Rs. 60,000 to Murali and Bansi at 7% p.a. and at 11% per annum respectively. At the end of the year, he has gained an overall interest at ...
If a + b + c = 0, then what is the value of a3 + b3 + c3 - 3abc?
How much groundnut powder at Rs. 90 a kg. should be added to 56 kg. of cashew powder at Rs.310 a kg. so that by selling the mixture for Rs. 280 a kg...
At what time was the temperature the lowest?
Ajay lists an item at 42% higher than its cost price and gives a 20% discount on this marked price. Determine the percentage of p...
In a zoo, there are rabbits and pigeons. If heads are counted, there are 200 and if legs are counted, there are 580.How many pigeons are there.
In what ratio coffee at 315 Rs/kg should be mixed with the coffee at 355 Rs/kg so that after mixture its rate become 330 Rs/kg if the quantity of 1st ty...
A rectangle with a length of 16 cm and breadth of 8 cm is rolled through its length to form a hollow cylinder. What will be the volume (in cm³) of the ...
In a 280-litre mixture (milk + water), the ratio of quantities of milk and water is 3:4, respectively. How much water should be added to this mixture su...
