Question
A and B together started a business by investing their
capital in the ratio of 8:7, respectively and total amount invested by them together is Rs. 1500. After 4 months, A decreased his investment by Rs. 350 and after 4 more months, B increased his investment by Rs. 200. Find the ratio of profit received by them at the end of the year.Solution
Initial investment made by A = (8/15) times; 1500 = Rs. 800 Initial investment made by B = (8/15) times; 1500 = Rs. 700 Profit sharing ratio of A and B = (800 times; 4 + 450 times; 8):(700 times; 8 + 900 times; 4) = 17:23
Which of the following is considered Non Tax Revenue of the Govt., of India as projected in the Union Budget?
Which of the following statement is not correct about SIDBI?
Which of the following is not a fully owned subsidiary of Reserve Bank of India (RBI)?
Which among the following accounting standard was applicable on The Effect of Changes in Foreign Exchange Rates?
The underlying asset of a derivative contract can be -
GAAP stands for?
The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as, government securities, cash and gold with itse...
Which of the following approach is not used for assessment of Operational Risk in Basel II?
i. Internal Rating B...
Which is NOT correct about Financial Inclusion Fund?
Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?