Start learning 50% faster. Sign in now
Profit Sharing Ratio of Partners J:K:L = 6:9:5 (their investment ratio) Let the total profit be = 100 J Share of profit = 30% of 100 + 6/20 of (70% of 100) = 30 + 6/20 × 70 = 51 K and L share of Profit = (100 – J’s Share) = 100 – 51 = 49 Difference (51 - 49) = Rs 400 2 unit = 400 100 unit = 20000 Therefore total profit earned = Rs. 20000 Calculation of each partners share of profit J’s 30% profit = 20000 × 30% = 6000 Remaining 14000 (20000-6000) will be distributed among all the partners In their respective investment ratio J’s Share = 6000 + 6/20 of 14000 = 10,200 K’s Share = 9/20 of 14000 = 6,300 L’s Share = 5/20 of 14000 = 3,500
A Lessor is bound to disclose to the lessee any material defect in the property __
According to the Regulation 28 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, What are the three v...
Which of the following is not an offence against public tranquility?
What is the requirement for a person to acquire or hold more than five percent of the paid-up equity share capital of a depository, as mentioned in Reg...
All sums realised by way of penalties under the PFRDA Act shall be credited to the______________
Which of the pairs is not correctly matched?
What is the maximum period under S.110 of Cr.P.C for furnishing security prescribed for keeping good behavior ?
Confession in front of police officer when valid?
Contingent contracts to do or not to do anything if an uncertain future event does not happen
To which financial centers does the IFSCA Act apply, according to section 2 of the IFSCA Act?