Question
X, Y and Z are partners sharing profits in the ratio of
3 : 2 : 1. Y retires. X & Z agreed to share profits in the ratio of 3 : 2. Calculate gaining ratio.Solution
The correct answer is C
A bank has statutory reserve requirement of 25% of Net Profit before appropriations. Net Profit before appropriations = ₹40 crore. Transfer to reserve...
A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
The ‘CAMELS’ approach is a risk assessment method. What does C stand for in CAMELS?Â
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
The digital payment system UPI, has been developed by which of the following institutions? Â
The process by which a central bank influences the money supply and interest rates by buying and selling government securities is known as:
What are sweat equity shares?
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