Question
If the ratio of the sum invested and simple interest
received after 1 year is 25:14 respectively, then find the rate of interest.Solution
Let the sum invested and simple interest received be Rs.25x and Rs.14x respectively. Let the rate of investment be r% p.a. Therefore, {(25x x 1 x r)/100} = 14x => r = 56%
Intangible Assets under development will be shown under _______ head according to schedule III of Companies act 2013.
A plant has one binding bottleneck: a heat-treating oven (hours limited). Product P and Q both consume oven time; material is the only truly variable co...
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Which of the following is most associated with managerial accounting?
Under section 208, obligation to pay advance tax arises in every case where the advance tax payable is ______.
Which of the following is not covered under Financial Services?
If an asset’s useful life is revised from 10 years to 8 years in its 5th year, then how should the depreciation be recalculated?
Donations made to the PM CARES Fund are eligible for deduction under which section of the Income Tax Act?
Rs 9,00,000 incurred on advertising to introduce a new product line is a:
The DuPont Analysis uses the following ratios except:
