ABC Ltd is thinking about undertaking a venture that would return yearly benefits (after devaluation) of Rs. 68,000 for a long time. The underlying expense of the venture would be Rs. 800,000 and the venture's assets would have a residual value of Rs. 50,000 toward the end of the venture. What might be the accounting rate of return for this venture?(show your working)

1.What is the basic difference between accounting and auditing?

2.Differentiate between consignor and consignee:

3.Define depreciation andtypes of depreciation:

4.What is the key difference between provision and reserve?

5.Define fair value in accounting:

6.A profitability index (PI) of 0.92 for a project means that