Question
Which Indian state has the highest literacy
rate?Solution
Kerala has the highest literacy rate among Indian states, with a literacy rate of about 96%.
Which of the following is an example of a change in accounting policy that must be disclosed under AS 1?
A machine costing ₹2,00,000 has useful life 10 years, residual value ₹20,000. Depreciation under straight line for first year =
Which of the following statements is correct?
Following information is available regarding an organization:
Direct material purchased: 1,50,000
Direct material consumed: 80,000
...
The Quick Ratio (or Acid-Test Ratio) is a more stringent measure of liquidity than the Current Ratio because it:
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
How much amount of exemption is allowed for gratuity if received at the time of retirement?
The 'Goods and Service Tax Act came into force on :
A firm has the following details:
• Raw material holding: 25 days
• WIP: 15 days
• Finished goods: 20 days
• Receiva...
Which of the following is an example of capital expenditure?
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