Is Goodwill an Expense or Income?
Goodwill is treated as an impairment expense and it reduces the net income of the business. Also read: Methods of... View Article
Latest Posts
Is Goodwill Depreciated?
Goodwill, being an intangible asset, is not depreciated instead it is amortized over a period of time. Also read: Also... View Article
Which of the Following Is Not Included in the Trading Account?
Foreman’s wages Carriage inwards Direct wages Depreciation on office equipment Answer: Depreciation on office equipment Also read: MCQs on Depreciation... View Article
What Is Meant by Fictitious Assets?
Fictitious assets are those assets which do not have a physical existence and any realisable value, but are represented as... View Article
Why Is Goodwill Not a Fictitious Asset?
Fictitious assets have no tangible or physical existence and any realisable value, but they always represent actual cash expenditure, that... View Article
Which of the Following Is Regarded as Apt to Show the Purchase of a Fixed Asset for a Non-profit Organisation?
(a) Income & Expenditure account (b) Balance Sheet (c) Receipts and Payments account (d) Profit & Loss Account Answer: Receipts... View Article
How Is Goodwill Calculated for a New Partner?
Goodwill is calculated for admission of a new partner in the following two ways: Premium Method: Under this method, the... View Article
Explain the Process of Credit Creation by Commercial Banks
The process of credit creation by commercial banks can be easily understood by the following example. Suppose a person, say... View Article
Gist of Kurukshetra July 2021 Issue: Rural Infrastructure
Kurukshetra Magazine is a vital source of study material for the UPSC IAS exam. It is a monthly magazine that... View Article
Write the given formulae: Sin C + Sin D = ? SinC – Sin D = ? Cos C + Cos D = ? Cos C – Cos D = ?
sin C + sin D = 2 sin [(C + D) / 2] cos [(C – D) / 2] sin... View Article
Fill in the blanks: the smallest odd composite number is ____.
The smallest odd composite number is 9.
Write down the power set of set B = {1, 2, 3}.
Subsets of {1, 2, 3} are ϕ, {1}, {2}, {3}, {1, 2}, {1, 3}, {2, 3} and {1, 2, 3}.... View Article
Find the correct result, remember that the math is exact. 1 + 4 = 5 2 + 5 = 12 3 + 6 = 21 5 + 8 = …….
1] 1 + 4 = 5 = 1 + 4 × 1 = 1 + 4 = 5 2] 2... View Article
Factor of x2 + y – xy – x
x2 + y – xy – x = x2 – x – xy + y = x (x – 1)... View Article
A tricycle is sold at a gain of 15%. Had it been sold for rs 108 more the profit would have been 20%. Find its cost price.
Assume the cost of the tricycle to be x. It is sold at a gain of 15% = 15x /... View Article
Two complementry angles differ by 12 degrees, find the angles.
Let one of the angles be x. Two complementary angles differ by = 12. Bigger angle = (x + 12).... View Article
Factorise 2a + 6b – 3 (a + 3b)2.
2a + 6b – 3 (a + 3b)2 = 2 (a + 3b) – 3 [a + 3b]2 = –... View Article
Two decks of cards are there. Each deck contains 20 cards, with numbers from 1 to 20 written on them. A card is drawn of random from each deck, getting the numbers x and y what is the probability that log x + log y is a positive integer. Logs are taken to the base 10.
log x + log y = log(xy) log xy is integer when (x,y) = (1, 10), (10, 1), (10, 10),... View Article
Find the surface area of a sphere of radius 14 cm.
Radius of the sphere = 14cm Surface area of sphere = 4πr2 = 4 (22 / 7) * (142) =... View Article
In a quadrilateral ABCD, ∠ B = 90°, AD² = AB² + BC² + CD². Prove that ∠ACD = 90°.
Given: B = 90˚ in quadrilateral ABCD AD2 = AB2 + BC2 + CD2 To prove: ACD = 90˚ Proof: In... View Article
