Held against Special Intensive Revision (SIR), SC held that electoral roll entries may be based on Aadhar ID, birth certificate or voter ID. We should continue voluntary use of Aadhar-Voter ID linkage.

Linked PYQ

(a) Using the following information, complete the Balance Sheet given below: Total Debt to Net worth - 0.5:1; Turnover of total assets (based on year end sales figure) - 2; Gross profit ratio - 20 percent; Average collection period (based on 360 days) - 30 days; Inventory turnover (based on cost of goods sold and year-end inventory) - 3; Acid-Test Ratio - 0.8:1. All sales are assumed to be on credit basis. Balance Sheet: Liabilities and Equity (Rs.) | Assets (Rs.) - Notes and Accounts Payable: - | Cash: - - Common Stock: 9,00,000 | Accounts Receivable: - - Retained Earnings: 13,50,000 | Inventory: - - Total: ___ | Equipment: - | Total: ___