Question
A and S commenced a business with capitals of Rs. 15,000
and Rs. 13,500, respectively. After 9 months, they withdrew one third of their capital. Determine A's share of the profit out of the total profit of Rs. 22,800 at the end of the year.Solution
ATQ, Profit ratio of A and S = (15000 × 9 + 15000 × 2/3 × 3):(13500 × 9 + 13500 × 2/3 × 3) = 165000: 148500 = 10:9 Profit share of A = 22800 × 10/19 = Rs.12000
If within 30 days the parties fail to appoint their arbitrators or the arbitrators fail to appoint the third arbitrator the arbitrator shall be appoint...
According to the provisions of IPC what is the liability of A, a police officer, who abets the commission of robbery?
What does the term "amicus curiae" refer to in legal proceedings?
A disputed handwriting can be proved_______
Which of the following is not considered a corporate person under Indian law?
Where a person who is in a position to dominate the will of another, enters into a contract with him, and the transaction appears, on the face of it or ...
On which date was the Limited Liability Partnership Act enacted?
Under section 15N of the Securities and Exchange Board of India Act, 1992, the Presiding Officer or any Judicial or Technical Member of the Securities A...
Provisions of longer period in the matter of accumulation of property under sec 17 of T.P. Act amounts to:
What does Breach of Contract mean?
Relevant for Exams:
