Question
A & B are partners sharing profits & losses in the ratio
of 3 : 2. They admitted C into partnership with 3/10 share in the future profits of which he requires 2/10 from A and 1/10 from B. Calculate the new profit sharing ratio.Solution
The correct answer is C
What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...
In the January 2024 circular on bulk deposits, which tier of UCBs has a revised bulk deposit threshold set at ₹1 crore?
Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives t...
All revenues received by the Government, loans raised by it, and also receipts from recoveries of loans granted by it, together form the _________.
Which one of the following is an example for Non-Banking Financial institution?
Based on level of activity or capacity utilization, there is a type of budget which is prepared keeping in mind one level of output. It is a budget whic...
At which level of organisation behaviour does motivation, attitude, etc. affect the organisation behaviour?
NBFCs in India are companies that are registered under which of the following Act?
Given the following information, calculate the Inventory Turnover Ratio:
Cash Revenue from Operations: ₹50,000
Credit Revenue from Opera...
Material cost variances are analyzed to understand the reasons for differences between actual and standard costs. The material cost variance is the tota...
Relevant for Exams:
