Question
Which article of the Indian Constitution deals with the
annual financial statement?Solution
Article 202 of the Indian Constitution mandates that the Governor of each state present an annual financial statement—commonly known as the budget—to the state legislature, detailing the expected government receipts and expenditures for the upcoming financial year.
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X, Y, and Z invested ₹1,20,000, ₹1,50,000, and ₹1,80,000, respectively, in a partnership business. The annual profit was ₹1,50,000. If X withdre...
A businessman earned Rs. 50,000 profit. He invested 30% of this profit in stocks, donated 10% of the remaining to charity, and spent 15% of the rest on ...
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