Question
Simple interest earned on an amount of Rs.1400 at rate
of R% per annum after 4 years is Rs.336. Find the simple interest earned on an amount of Rs.1600 at rate of (R + 3)% per annum after 2 years.Solution
According to question, => 336 = 1400 × R% × 4 => R = 336/56 = 6 Therefore, required interest = 1600 × (6 + 3)% × 2 = Rs.288
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
X and Y are partners sharing profits in the ratio 3:2. Z is admitted for 1/5th share in future profits, and he brings goodwill of ₹50,000 in cash. The...
Value of supply under section 15(1) is:
An insurance company collects premium of ₹12,00,000 for annual policies starting 1 October 2024. The accounts close on 31 March 2025. According to IRD...
CSR is a _________.
For demand drafts, pay orders, or banker’s cheques of ₹50,000 and above, which requirement must be fulfilled as per banking guidelines?
Time of supply means
What is the maximum aggregate withdrawal/transfer limit per month for a Small Account where full KYC has not been completed?
A property has Gross Annual Value ₹2,40,000. Municipal taxes paid ₹40,000. Standard deduction is 30%. What is the income from house property?
Which section of the Income Tax Act defines the term Assessee?
Relevant for Exams:
