Question
In a business there are two partners ‘P’ and
‘Q’. ‘P’ started the business with the capital of Rs. 25000 and after 3 months ‘Q’ joined him with the capital of Rs. 40000. At the end of the year find the profit share of ‘Q’ out of the total profit of Rs. 5280.Solution
Ratio of the profits received by ‘P’ and ‘Q’ (25000 × 12):(40000 × 8) = 5:6 Therefore, profit share of ‘Q’ = 5280 × (6/11) = Rs. 2880
The government securities market in India is regulated by _______
A company invests ₹60,000 in a project that generates ₹15,000 as net annual cash inflow. What is the payback period of the project?
Plant purchased for ₹6,00,000. Depreciation for year = ₹1,00,000. Closing balance of Plant = ₹10,00,000. Opening balance was ₹5,00,000. Calculat...
A company purchased machinery for ₹50,00,000 on 1st April 2020. Installation cost was ₹5,00,000. Residual value ₹3,00,000, useful life 5 years. On...
EOQ (Economic Order Quantity) is a model used in inventory control to determine:
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
The audit that is made compulsory under statute is called _________.
Net Working Capital (NWC) is defined as:
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
A company begins construction of a qualifying asset funded partly from general borrowings. Work was suspended for 5 months due to a strike. Should borro...
Relevant for Exams:
