Question
The weight (W) of a body is derived from which
formula?Solution
Weight is calculated as the mass (m) of an object multiplied by the acceleration due to gravity (g).
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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