Get Started with ixamBee
Start learning 50% faster. Sign in now
The negotiable warehouse receipt (NWR) system was launched in 2011 allowing the transfer of ownership of a commodity stored in a warehouse without having to deliver it physically.
These receipts are issued in negotiable form, making them eligible as collateral.
This has been enabled by enabling the financing of warehouse receipts through the Warehouse (Development and Regulation) Act, 2007.
In a business there are two partners ‘P’ and ‘Q’. ‘P’ started the business with the capital of Rs. 25000 and after 3 months ‘Q’ joined h...
Simran and Indu started a business investing Rs. 110, 000 and Rs. 80,000 respectively. In what ratio the profit earned after 2 years be divided between ...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 5,000, Rs. 6,000 and Rs. 4,000, respectively. After 6 months, ‘B’ decreased his inv...
A and B started a retail store with initial investments in the ratio 7:8 and their annual profits were in the ratio 3:4. If A invested the money for 9 m...
P and Q invested in a partnership with Rs.400 and Rs.700 respectively. After 4 months Q added Rs. 'x' more. If at the end of the year profit share of P ...
Puneet and Malik began a business venture, initially investing their capital in a 4:5 ratio, respectively. After half a year, Puneet decided to withdraw...
If the ratio of time periods of investment of A and B is 4:5, profit at the end of the year is Rs.150000 and A’s share in it is Rs.30000, then what is...
'A' and 'B' started a business with an investment of Rs. 2,000 and Rs. 2,500, respectively. After 6 months, 'C' joined them with an investment of Rs. 3,...
‘M’ started a business with an investment of Rs. 2600. After 4 months ‘N’ joins the business with an investment of Rs. 2100. If the total profit...
P and Q started a business by investing Rs.9000 and Rs.7500 respectively. After 7 months, Q increased his investment by a certain percentage such that a...
