All the material information must be recorded and what is material is subjective, and depends on the organization in the question. Materiality Convention states that only the material/ significant transactions should be recorded and trivial transactions can be ignored.
The current ages of P and Q are in the ratio of 8:5. The ratio of P's age seven years ago to Q's age ten years from now is 5:6. W...
A lad was asked his age by his friend. The lad said “The number you get when you subtract 25 times my age from twice the square of my age will be thri...
The present age of A is 4 years more than the present age of B. 5 years ago, A's age was twice that of B. What are the present ages of A and B?
The average age of a father, mother, and daughter is 26 years. The average age of the mother and daughter is twice the age of the daughter. If the ages ...
The present age of Preeti is twice Ruchi’s present age. Six years ago, their average age was 15 years. What will be the Preeti’s age after f...
Present ages of P and Q are in the ratio 2:5 respectively. If Q’s age, 15 years hence from now will be 5 times of P’s age, 5 years ago from now, the...
The current ages of Raman and Raghav are in the ratio of 5:4. In six years, their ages will have a ratio of 11:9. What was the ratio of their ages ten y...
Arjun has a sibling who is 5 years older than him. When Arjun was born, his mother was 30 years old, and his father was 32 years old. If his sibling was...
The ratio of difference between the present age of A and B to the present age of B and C is 6:1. 6 years hence, the ratio between the age of A and C is ...
The current average age of students in a class is 24 years. What will the average age of the students be in 6 years?