Nihit starts a business with Rs.700. After 5 months Amit and Patel joined him with Rs 300 and Rs400 respectively. At the end of the year, the business gave a profit of Rs 627. Find the share of Patel in the profit.
Nihit: Rs 700 for 12 months = 700 × 12 = 8400 Amit: Rs 300 for 7 months = 300 × 7 = 2100 Patel: Rs 400 for 7 months = 400 × 7 = 2800 Investment ratio=8400:2100:2800=12:3:4 Total investment= 19 Total profit=Rs 627 Patel's share=4/19 × 627 =132
As per section 9(1) of CGST Act, 2017, Central Tax on intra-State supplies shall be levied on the transaction value. This value is determined as per of...
Generally, Internal Auditor is not appointed by:
Which section of the Income Tax Act, 1961, defines the term ‘Assessee’?
The profit is 50% on sales. What is its percentage on cost?
Which among the following profitability level is the profit from which the fixed costs are to recovered first to arrive at the profit?
What was a key issue related to regulatory challenges in the Indian telecom industry?
What type of comparison involves assessing a company's financial ratios against its own historical performance?
UPI stands for ________.
Concurrent audit is a part of:
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?