Question
‘A’ and ‘B’ entered into a partnership by
investing Rs. 6000 and Rs. 5000, respectively. If ‘A’ invested his sum for only 9 months and the total annual profit earned by them together is Rs. 4180, then find the total profit earned by ‘B’.Solution
Ratio of profit share of ‘A’ and ‘B’ = (6000 × 9):(5000 × 12) = 9:10 Total profit earned by ‘B’ = (10/19) × 4180 = Rs. 2200
Which of the following is not an input device for a computer?
In the Cash Flow Statement, payment of taxes is classified under which activity?
We can say that the business is in profit, when:
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
Find Gross Annual Value of House property from the following information:
Municipal Value Rs. 1,10,000
Fair Rent Rs. 1,20,000
Stand...
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
Revenue should be recognized at the point of sale. Which principle is applied here?
According to the decision given in the case of Garner vs. Murray, solvent partners have to bear the loss due to insolvency of a partner and have to cate...
What would be the break even units if the Fixed Cost is Rs.1,00,000 and PV ratio is 25%. The company sells its product at Rs.60 per unit.
Taxes that are levied on any Intra-State purchase are?
Relevant for Exams:
