Question
Personal income tax collections are expected to
_________ to a historic high of 2.3% of GDP in 2017-18, compared to 2% between 2013-14 and 2015-16. In the following question, sentence given with blank to be filled in with an appropriate word(s). Five alternatives are suggested for the question. Choose the correct alternative out of the Five and indicate it by selecting the appropriate option.Solution
Since growth is being talked about. RISE will be used.
The preparation of a trial balance is for:
A firm evaluates two projects with identical expected cash flows, but Project A has higher variability. If the firm is risk-averse, what would be its de...
Annual sales of a company are ₹36,00,000, out of which 25% are cash sales. The balance represents credit sales. The company’s Debtors at year-end ar...
A company has the following balances on its Balance Sheet:
• Cash & Bank Balances: ₹2 crore
• Trade Receivables: ₹4 crore
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Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
A company has a Current Ratio of 3:1. If it pays a current liability of ₹50,000, what will be the effect on the Current Ratio?
As per the Banking Regulation Act, 1949, which of the following is not included in the "Schedule of Interest Accrued but Not Due" in a bank's balance sh...
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...
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
The Debt-Equity Ratio is a measure of a company's: