Question
In a business, A invested Rs. 1400 more than that by B.
After 5 months, A left the business. If at the end of the year, profit earned by B is equal to the profit earned by A, then find the amount invested by A in the business.Solution
Let the amount invested by B be Rs.x. According to question, => x × 12 = (x + 1400) × 5 => 12x = 5x + 7000 => 7x = 7000 => x = 1000 Amount invested by A = 1000 + 1400 = Rs.2400
Under Accounting Standard 5 on Net Profit or Loss for the period, prior period items and changes in accounting policies must be disclosed separately. Wh...
A type of market where debt and stocks are traded and maturity period is more than a year is known as
A firm has increasing profits but declining cash flows. The management claims business is doing well. What should an analyst examine to validate the claim?
What should be the correct Journal Entry for booking premium income in case of Incoming coinsurance:
The GST on used car sales is ____ as per the 55th GST council meeting decisions taken in December 2024.
The process of recording business transactions in a chronological order is called:
An Indian citizen who stays in India for less than how many days during a financial year is considered a Non-Resident Indian (NRI)?
For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is ₹ 12,00,000 and fixed cost is ₹ 6,00,000. The cap...
What will be the future value of ₹50,000 invested today for 3 years at a compound annual interest rate of 10%?
Which technology is NOT mentioned as part of India’s upgraded Multi-Agency Centre (MAC)?