Question
A, B and C entered into partnership. A
advanced Rs. 900 for 6 months, B Rs. 800 for 8 months and C Rs. 700 for 12 months. If they earn a profit of Rs. 1010, what profit will A get?Solution
A advanced Rs. 900 for 6 months or Rs. 900×6 = Rs. 5400 for 1 months B advanced Rs. 800 for 8 for or Rs. 800 × 8 = Rs. 6400 for 1 month, C advanced Rs. 700 for 12 months or Rs. 700 × 12 = Rs. 8400 for 1 month ratio = 5400 : 6400 : 8400 = 27 : 32 : 42 Sum of the ratio = 27 + 32 + 42 = 101 A's profit = (27/101)* 1010= Rs.270
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 ________________
