A company fails to accrue wages for March that will be paid in April. The company’s year-end balance sheet liabilities:
Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month and as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
'A' invests Rs.10,000 for 3 years at a certain rate of interest. At the end of the second year, it amounts to Rs.11,664. Calculate the rate of interest ...
Krishna lends ₹48000 to Neelam for a year at 25% interest per annum, compounded half yearly. Find the interest that must be paid by Neelam.
What is the difference between the compound interest, when interest is compounded 5-monthly, and the simple interest on a sum of ₹12,000 for 1(1/4) y...
In 3 years, Rs. 6000 amounts to Rs. 7986 at certain rate of compound Interest, compounded annually. Find the rate %?
A sum of money amounts to Rs 1024 in 4 years and Rs 1458 in 7 years at a compound rate of interest. What is the rate of interest per annum?
What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
...A certain sum invested in compound interest (compounded annually) grows to 5040 in three years. If the rate of interest is 25% for the first year, 40% f...
A sum of ₹33,100 was divided between Timir and Monali in such a way that if both invested their shares at 10% compound interest per annum, the amount...
At what percentage rate, compound interest compounded annually for a sum of ₹40,000, will amount to ₹44,100 in two years?
An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of ...