A contributed 5000 for 8 months, so their contribution to the total capital is: 5000 x 8 = 40000 B contributed 6000 for 5 months, so their contribution to the total capital is: 6000 x 5 = 30000 The total capital contributed by both partners is: 40000 + 30000 = 70000 Now, we can calculate the ratio of profit that will be divided between A and B. This will be based on the ratio of their contributions to the total capital: A's share in the profit = (A's capital contribution / Total capital) x Total profit B's share in the profit = (B's capital contribution / Total capital) x Total profit Substituting the values, we get: A's share in the profit (40000 / 70000) x 9800 =5600
Which of the following is not a role of GFCs?
Which Indian NBFC was selected for the FATF Mutual Evaluation report 2023-24?
What products does the India International Bullion Exchange (IIBX) plan to introduce soon?
When was the Securities and Exchange Board of India enacted?
Which of the following best describes the law of demand?
In how many days do a statutory Auditor of a company needs to report fraud/suspected fraud?
What do GFCs offer to importers, exporters, and other international trade participants?
Which of the following is not one of the four themes mentioned in the 15th Finance Commission w.r.t grant-in aid-to states?
In which of the following facility the borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again?
What is the minimum number of members required to form an Audit committee of the Board?
