Question
From the following information, calculate the total
assets of the business: Capital: ₹4,00,000 Creditors: ₹3,00,000 Revenue earned during the period: ₹7,50,000 Expenses incurred during the period: ₹2,00,000 Value of unsold stock: ₹2,00,000Solution
Total assets are calculated using the formula: Total Assets = Liabilities (Creditors) + Capital + Profit Here, Profit = Revenue earned - Expenses incurred = ₹7,50,000 - ₹2,00,000 = ₹5,50,000. So, Total Assets = ₹3,00,000 + ₹4,00,000 + ₹5,50,000 = ₹12,50,000 This includes the closing stock of ₹2,00,000.
A group of words which forms part of a sentence is a clause if it contains
When a compromise or arrangement is proposed between a company and its creditors or its members the Tribunal on an application of _______
Which of the following activities would require an environmental impact assessment (EIA) in India?
Which is correct statement with respect to Liquidation Estate?
Dunlop Pneumatic Tyre Co. Ltd. V. Selfridge & Co. provides for _______________
Subhadra and Ors. V. Thankam it was held that ____________
The Certificate of Registration of central recordkeeping agency, pension fund, point of presence, etc. is issued by _______________ as per section 27 of...
According to section 32 of the Specific Relief Act an instrument can be cancelled in part when
Under the Specific Relief Act, a suit for recovery of possession can be filed _____________
Which of the following is an exception to the concept that agreements by way of wager are void?
