Question
"A" and "B" initiated a business venture with
investments of Rs. 2,400 and Rs. 3,000, respectively. Three months into the business, "C" joined the partnership with an investment of Rs. 1,800. If the total profit for the year amounted to Rs. 9,000, calculate the share of the profit that "B" would receive.Solution
Ratio of profit share of ‘A’, ‘B’ and ‘C’ = (2400 × 12):(3000 × 12):(1800 × 9) = 16:20:9 Therefore, profit share of ‘B’ = [20/(16 + 20 + 9)] × 9000 = Rs. 4,000 Â
The preference shares should be redeemed with in a period of
No revenue officer shall be compelled to say whence he got any information as to the commission of any offence against the public revenue_______
Under contract law, an "express offer" is best defined as:
Who is responsible for determining the composition and appointment of the Board as per the Digital Personal Data Protection Act?
According to the provisions of the IBC where any person is a financial creditor as well as an operational creditor such person shall_______________________
How many types of writs are there?
Definition of secondary evidence has been given under _________ of the Indian Evidence Act, 1872?
A introduces water into the ice-house belonging to B and thus causes the ice to melt, intending wrongful loss the B. Here, A has committed:
As per BNSS, 2023, what is the maximum period for police custody that can be granted during the first 15 days of detention?
The Golden Triangle concept was given by which Justice?
Relevant for Exams:
