Question
Statement : “The first step toward success is taken
when you refuse to be a captive of the environment in which you first find yourself” - Mark Caine Assumptions: I) Success is about getting out of your comfort zone. II) If I refuse to be in my environment which I first found for myself, I am sure to succeed.Solution
I) It’s implicit since its clearly mentioned “refuse to be captive” means one should come out of it. II) It is not implicit since one who wishes to succeed must come out of comfort zone not vice versa.
XYZ Ltd. has furnished the following details to the bank while seeking working capital finance for the upcoming financial year:
• Total Current...
Which ICDS deals with Accounting Policies?
Which of the following cost are not excluded from the cost of inventories as per AS 2:
According to RBI’s KYC/AML guidelines, what framework must Regulated Entities (REs) adopt to effectively identify, assess, and manage risks of money l...
Rs 9,00,000 incurred on advertising to introduce a new product line is a:
As per the Indian Accounting Standards, a company enters into a lease for a building for 9 years, and the building's useful life is 10 years. The contra...
The decisions which are concerned with analysing the risks and rewards of equity and debt and raising money through them is known as:
Current years’ proposed dividend will be:
A company is offered a trade credit term of "2/10 net 30" by its supplier. If it doesn't take the discount, what is the annualized cost of forgoing the ...
Which Ind AS deals with Revenue from Contracts with Customers?