Question
Neha and Nisha started a firm with investments of Rs. 7,200
and Rs. 10,800 respectively. Nisha withdrew her capital after a few months. The profit at year-end was shared in the ratio of 4:3. Find the number of months after which Nisha left.Solution
ATQ,
Let Nisha stayed in the business for 'n' months.
Profit ratio = (7,200 × 12) : (10,800 × n) = 86,400 : 10,800n
So, 86,400 : 10,800n = 4 : 3
⇒ 3 × 86,400 = 4 × 10,800n
⇒ 2,59,200 = 43,200n
⇒ n = 6
Debt is considered cheaper than equity because:
What is a reverse auction?
When the day on which a promissory note or bill of exchange is at maturity (after including days of grace) is a public holiday (except emergency or unfo...
Under marginal costing, which of the following cost will NOT be attributed to the product cost?
A charge in or upon any movable property, existing or future, created by a borrower in favor of a secured creditor without delivery of possession of the...
A company transfers semi-finished goods from Process 1 to Process 2. Normal loss in Process 1 is 10%. If 10,000 units are input and 8,800 units are tran...
Which of the following is an example of an adjusting journal entry?
The observation of people at work that would reveal the one best way to do a task is known as
The printer which uses light emitting diodes or liquid crystals to print is ______.
A share is quoted at Rs. 60. An investor expects the company to pay a dividend of Rs. 3 per share, one year from now. The expected price of share after ...