Question
A, B and C enter into a partnership with capitals in the
ratio 2/3 : 3/5 : 5/6 . After 8 months, A increases his share of capital by 25%. If at the end of the year, the total profit earned is Rs 5,820, then the share of C in the profit is:Solution
Capitals ratio of A, B and C = 2/3: 3/5: 5/6 = (2 x 30)/3: (3 x 30)/5: (5 x 30) /6 = 20:18:25 Capitals ratio of A, B, and C after the end of the year, (20 x 8 + 20 × 5/4 x 4): 18 x 12:25 x 12 = (160+100): 216: 300 = 260: 216: 300 Capitals ratio of A, B, and C after the end of the year = 260x: 216x: 300x = 65x: 54x: 75x According to the question 65x + 54x + 75x = 5820 194x = 5820 x = 5820/194 = 30 Share of C = 75 x 30 = Rs. 2250
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 ________________