Question
‘A’ started a business with the investment of Rs.
20000. After ‘x’ months and after 6 months from starting ‘B’ and ‘C’, respectively, joined the business with the investments of Rs. 40000 and Rs. 20000, respectively. If at the end of the year, the profit share of ‘A’ and ‘B’ is equal then find the value of ‘x’.Solution
Profit share ratio of ‘A’, ‘B’ and ‘C’ = (20000 × 12):[40000 × (12 – x)]:(20000 × 6) = 6:(12 – x):3 Given, the profit share ratio of ‘A’ and ‘B’is equal. So, 6:(12 – x) = 1:1 6 = (12 – x) x = 12 – 6 = 6 So, the value of x = 6
In MS Excel, the function =PMT(rate, nper, pv) is used to calculate the:
Which computer application is most directly associated with automating the procure-to-pay cycle in an organization?
What does section 6 of the Income Tax Act deal about?
Which of the following is not regarded as advantage of computerized accounting system?
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
A provision for onerous contract is:
ABC Ltd. reports two inventory items: Item A – Cost ₹10 lakh, NRV ₹12 lakh; Item B – Cost ₹8 lakh, NRV ₹6 lakh. How should inventory be valu...
A private company wants to issue shares to selected individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
What are the major challenges an organisation may encounter when implementing budgetary control?
EBIT = ₹5,00,000; Interest = ₹50,000; Preference dividend = ₹25,000; Tax = 30%. Compute Financial Leverage.
