Question
‘A’ started a business with the investment of Rs.
7000. After ‘x’ months and after 5 months from starting ‘B’ and ‘C’, respectively, joined the business with the investments of Rs. 28000 and Rs. 14000, 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’ = (7000 × 12):[28000 × (12 – x)]:(14000 × 7) = 6:2(12 – x):7 Given, the profit share ratio of ‘A’ and ‘B’is equal. So, 6:2(12 – x) = 1:1 3 = (12 – x) x = 12 – 3 = 9 So, the value of x = 9
Which of the following best represents a core principle of natural justice in administrative law?
Which Section of the Indian Penal Code. 1860 deals with right to private defence of body and property?
On whom burden of proof lies?
Under which section of the LLP Act relationship of partners is discussed?
Which of the following can be included as a property of the partnership firm?
What does the principle of Res Gestaeunder Section 6 of the Indian Evidence Actstate?
Which of the following statement is true?
Plaint shall state precisely the amount claimed in all money suits except amount for________.
Who can initiate Corporate Insolvency Resolution Process as per IBC?
The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the ________________
