Question
In a business there are two partners ‘P’ and
‘Q’. ‘P’ started the business with the capital of Rs. 24000 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. 2250.Solution
ATQ,
Capital × Time: P = 24000 × 12 = 288000 Q = 40000 × 9 = 360000 Ratio (P:Q): 288000 : 360000 = 24 : 30 = 4 : 5 Total Profit = 2250 P’s share = (4/9) × 2250 = 1000 Q’s share = (5/9) × 2250 = 1250 Hence, Q’s profit share = Rs. 1250
In computing the period of limitation for an application to set aside an award, the time requisite for obtaining a copy of the award shall be __________?
A landlord cannot file suit against the tenant on the ground of non-payment of the standard rent due until the expiration of:
International Organization for Standardization (ISO) has how many membership categories?
Which one of the following sections of the Indian Penal Code relates to punishment for voluntarily causing hurt on provocation?
Aeronautical communication station" means a station in the aeronautical communication service which includes _______________as per the Airport Authority...
Under the Insurance Act the appeal filed before the National Company Law Appellate Tribunal shall be dealt with by it as expeditiously as possible and e...
What factors must the Authority consider in discharging its functions under section 12 of the Airports Authority of India Act?
What does AERA stand for in the context of aviation regulation in India?
According to John Austin the proper subject-matter of study of Jurisprudence is?
Which of the following is a valid mode of dissolution of a Partnership?
Relevant for Exams:
