Question
What will be the compound interest earned after 2 years
on a deposit of Rs. 14,000 at an annual interest rate of 30%, compounded annually?Solution
CI = A - P CI = P x (1 + rate/100)t - P Required interest = 14000 × {(1.3)2 – 1} = Rs. 9660
Parent Co. holds 80% in Subsidiary Co. The subsidiary reports profit of ₹10 lakh. What is the amount of minority interest in the consolidated P&L?
Which of the following statement is incorrect?
Provisions of Section 64(1A) will not be applicable to any income of a minor child suffering from any disability specified under ________. In other word...
A firm has a current ratio of 2:1 and quick ratio of 1.2:1. Its inventory is valued at ₹4 lakh. What is the amount of current liabilities?
Section 24(b) of the Income Tax Act refers to:
An LC limit of ₹48 lakh is sanctioned, and the lead time is 3 months. What is the projected annual purchase of raw material?
Which of the following sectors does NOT apply operating costing technique?
The concept of Tax Treaty-Based Exemption (TTB) typically applies when:
 Which of the following concepts says that the business is different and the owner is different?
The scheme under which the complaints related to digital payments can be resolved is _______
Relevant for Exams:
