Question
Mark the incorrect statement with respect to Valuable
security :-Solution
Section 30. “Valuable security”—The words “valuable security” denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or whereby any person acknowledges that he lies under legal liability, or has not a certain legal right.
A, B and C invest in a partnership in the ratio 7:4:9 and investment of A is Rs.200 less than investment of C. Partner B invests for 1/5th and A and C i...
Arjun and Bheem invested in a business with their initial investments in the ratio 5:6, respectively. After one year, Arjun increased his investment by ...
P and Q invested a total of Rs.32000 in a business. Period of investment of P & Q is 10 months and 8 months respectively. If at the end of the year, P &...
A launched a business by investing Rs. 1920. Later, B joined the venture, contributing Rs. 2280. At the year's end, the total profit was Rs. 8600, with ...
- Akash and Bheem started a business together with investments of Rs. 2400 and Rs. 3600, respectively. After four months, Chetna joined them with investment ...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 2500, Rs. 4500 and Rs. 3500, respectively. After 4 months, ‘B’ left and ‘A’ and...
Sohan starts a business with an initial investment of Rs. 20,000. After 5 months, Rohan joins the business by investing Rs. 5,000 more than Sohan. After...
P started a business investing Rs.12000. After 3 months, Q joined her with the capital of Rs.18000. After another 6 months, R joined them with the capit...
I and J started a business by investing Rs. (p + 800) and Rs. (2p - 1600), respectively. If at the end of the year, the profit share of I was Rs.22,000 ...
A and B started a business with investments of Rs. 12,800 and Rs. 16,000, respectively. After a few months, C joined them with an investment of Rs. 9,60...