Question
According to which concept, all transactions must be
measured and recorded in monetary terms?Solution
The Money Measurement Concept dictates that only transactions that can be expressed in monetary terms should be recorded in the books of accounts. This ensures consistency and clarity in financial reporting.
A and B started a business with initial investments of Rs. 30000 and Rs. 40000 respectively. After one year, a profit of Rs. 8000 is earned. A being a w...
The ratio of the sums invested by ‘P’ and ‘Q’ in SIP ‘A’ and ‘B’ is 9:6, respectively. If ‘P’ invested Rs. 5400 more than ‘Q’, t...
A sum of Rs. 3700 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find ...
Compound interest received after 2 years on ₹7000 at R% rate of interest compounded annually is ₹1164.8. Find the value of R.
A man invested Rs. 's' in scheme 'G' offering simple interest at 8% for 5 years and Rs. 2,200 in scheme 'H' offering simple interest at 9% for 4 years. ...
The difference of S.I and C.I on an amount of Rs. 20000 for 2 years is Rs. 162. What is the rate of interest?
The interest earned when a sum is invested at simple interest of 25% p.a., for 3 years, is Rs. 9000. What will be the total amount received after 2 year...
Simple interest received at the rate of 15% p.a. for 2 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for ...
A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 990. What is 120% of the sum invested?
A sum of Rs. 3500 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
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