Question : Which function will be used for calculating interest included in installment of a loan ?
Option 1: PPMT
Option 2: IPMT
Option 3: FAPM
Option 4: None of above
Correct Answer: IPMT
Solution : The interest component of a given loan payment in a particular payment period can be calculated using the IPMT function. The interest amount of a payment for the initial period, the last period, or any other period in between, for instance, can be obtained using IPMT.
Hence the correct answer is option 2.
Question : Weighted average method of calculating goodwill be used:
Question : Weighted average profit method of calculating goodwill is used when
Question : Which of the following are the precautions of calculating national income through expenditure method?
Question : Which of the following is not added as a Non-Cash Expense?
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