Question
Aman is a working partner and Bablu is a sleeping
partner in a business and Aman puts in Rs.5000 and Bablu puts in Rs. 6000.Aman received 15% of the profit for managing the business and the rest is divided in proportion to their capitals the amount received by Aman out of the total profit of Rs.880.Solution
Investment of capital by Aman and Bablu is 5000: 6000. A: B = 5:6 Total profit = 880 Money got by Aman for managing the business=880 ×15% =132 Rs. Remaining amount =880-132 =748 Amount received by Aman =132+748 ×5/11 =132 + 340 =472.
In the CAMELS approach of risk assessment used for evaluating financial institutions, what does the letter ‘C’ stand for?
How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
Which of the following NBFCs will always remain in the NBFC–Base Layer as per the RBI’s NBFC–Scale Based Regulations (SBR)?
An entry with more than one debit or credit is known asÂ
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
Find the incorrect statement:
Calculate sales to earn a profit of Rs. 150,000, if fixed cost = Rs. 3,00,000 and P/V ratio is 20%:
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
A company’s normal tax liability is ₹50 lakh, but MAT under Sec 115JB is ₹58 lakh. If MAT credit is allowed, how much can be carried forward, and ...
Which of the following is NOT one of Porter's generic strategies?
Relevant for Exams:
