Question
βAβ and βBβ invested Rs. 5000 and Rs. 4200,
respectively in a business, together. After 6 months, βAβ withdrew 35% of his initial investment. If the total profit received by them after 1 year and 2 months is Rs.8651, then find the profit received by βAβ.Solution
Ratio of the profits received by βAβ to βBβ => {(5000 Γ 6) + (3250 Γ 8)}:(4200 Γ 14) = 20:21 Therefore, profit received by βAβ = 8651 Γ (20/41) = Rs.4220
What is the maximum number of companies in which a person can hold directorship?
AEPS stands for ______________.
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
While preparing a Cash Flow Statement using the Indirect method as required under AS 3, which of the following will not be deducted from/added to the Ne...
SA 230 standard refers to:
Rs 9,00,000 incurred on advertising to introduce a new product line is a:
The accounting rule, "Debit all ___________, credit all gains & income" pertains to ____ accounts.
If the profit is 25% of the cost price, then it is:
For an NBFC-MFI (Microfinance Institution), what is the minimum proportion of its assets that must be in the form of microfinance loans?
An entity has Equity Share Capital (equity shareholdersβ funds) of βΉ10,00,000, Preference Share Capital of βΉ4,00,000, and Long-term Debt of βΉ6,0...