Question
Ajay and Akash together start a business with investment
of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is Rs. 6600 and share of Ajay is Rs. 2200, then find the value of ‘x’.Solution
Ratio of share of profit of Ajay : Akash = 1500: (x + 1300) So, {1500/(x + 2800)} × 6600 = 2200 4500 = x + 2800 x = 1700
Parent Co. holds 80% in Subsidiary Co. The subsidiary reports profit of ₹10 lakh. What is the amount of minority interest in the consolidated P&L?
Which of the following statement is incorrect?
Provisions of Section 64(1A) will not be applicable to any income of a minor child suffering from any disability specified under ________. In other word...
A firm has a current ratio of 2:1 and quick ratio of 1.2:1. Its inventory is valued at ₹4 lakh. What is the amount of current liabilities?
Section 24(b) of the Income Tax Act refers to:
An LC limit of ₹48 lakh is sanctioned, and the lead time is 3 months. What is the projected annual purchase of raw material?
Which of the following sectors does NOT apply operating costing technique?
The concept of Tax Treaty-Based Exemption (TTB) typically applies when:
 Which of the following concepts says that the business is different and the owner is different?
The scheme under which the complaints related to digital payments can be resolved is _______
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