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An item is valued at the exchange price at the date of acquisition and shown in the financial statements at that value or an amortised portion of it. This is as per the principle of
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Sep 25
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When a sole proprietor decided to use same bank account for his business as well as personal affairs, the _____ accounting principle is violated.
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Sep 25
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Accountancy
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______ is the basis of maintaining accounts followed by Indian Companies.
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Given Opening stock = 17600, Closing stock 10560 Cost of goods sold = 1,83,040. The amount of purchase will be
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Sep 25
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Accountancy
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As per the _____ concept, capital is shown in the liability side of Balance sheet.
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Sep 25
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Accountancy
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Which of the following conditions is not true in case remuneration payable to partners is allowed as a deduction of a partnership firm under Income tax Act 1961?
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Sep 25
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Accountancy
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Which of the following is true with respect to Interest on Capital of partners?
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Accountancy
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At the time of retirement, continuing partners acquire the share of outing partners in ____ ratio.
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Which of the following is not true in case of dissolution of a partnership firm?
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Sep 25
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Accountancy
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P, Q and R were partners in a firm sharing profits in the ratio of 3:2:1 respectively. On March 31st, 2022, the balance sheet of the firm stood
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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Lala Ltd. and Bala Ltd. use different accounting policies for inventory valuation. These variations leave a big question mark on the cross-sectional analysis
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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A, B and C were partners sharing P&L in the ratio 5:3:2. A died on 30th June, 2019.
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Sep 20
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Accountancy
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288k
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class-12
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Health2Wealth Ltd. had share capital of ₹ 80,00,000 divided in shares of ₹ 100 each and 20,000, 8% Debentures of ₹ 100 each as part of capital employed.
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Sep 20
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Accountancy
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class-12
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Determine Return on Investment and Net Assets Turnover ratio from the following information:- Profits after Tax were ₹ 6,00,000; Tax rate was 40%;
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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Debt to Capital Employed ratio is 0.3:1. State whether the following transactions, will improve decline or will have no change on the Debt to Capital Employed Ratio.
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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Aashna, an alumnus of CBSE School, initiated her start up Smartpay, in 2015. Smartpay is a service platform that processes payments via UPI and POS
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Sep 20
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Accountancy
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class-12
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Financial statements are prepared on certain basic assumptions (pre-requisites) known as_________.
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Sep 20
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Accountancy
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class-12
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From the following calculate Interest coverage ratio Net profit after tax Rs 12,00,000; 10% debentures Rs 1,00,00,000; Tax Rate 40%
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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Insurance Claim received by Albert Co. Ltd. of ₹ 5,00,000 for Loss of Machinery due to theft will be recorded in Cash Flow Statement in which of the following manner?
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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A company issued 20,000; 9% Debentures of ₹ 100 each at 10% Discount. These debentures were to be redeemed at 15% Premium at the end of 5 years.
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Sep 20
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Accountancy
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Haren
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288k
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class-12
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