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Before the introduction of Sale of Goods Act, 1930 laws governing the sales were sections 76 to 123 of the Indian Contract Act 1872. As the businesses around the country grew, the laws present at that time dealing with them were found inadequate to handle the new trends and challenges in front of them.
P and Q started a company with Rs. 60,000 and Rs. 45,000 respectively. After 6 months, R invested Rs. 40,000 in the business. The profit earned at the e...
A started a business with an investment of Rs 16,000. After 2 months B joins in with 5/8 of the amount that A invested and A withdraws Rs 4,000. After 2...
A and B invested Rs.4000 and Rs.8000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
A and B enter into a partnership with their initial sum of Rs.32000 and Rs.40000 respectively. After 8 months, a third person C also joins them with his...
P and Q start a business with initial capital of 40000 and 60000 respectively. After 8 months, R joined them in the business with initial capital of “...
P and Q can finish a project in 10 days, while Q and R can finish it in 12 days. If R's efficiency is 50% more than Q's, how long will it take for P to ...
A and B started a business by investing Rs. 12,000 and Rs. 18,000 respectively. A also worked as the active manager and for that he is entitled to recei...
A and B started a business with investments in the ratio 3:7 respectively. Find the share of A, if they earned a profit of Rs. 2500.
Three individuals, S, V, and G, started a business together. S contributed 2/5 of the total investment, V contributed 4/7, and the remaining amount was ...
‘Ravi’ and ‘Sameer’ invested Rs. ‘y’ and Rs. ‘1.5y’ in a business respectively. After four months, both of them increased their investme...