Question
Kevin and Ben started a business with initial
investments in the ratio of 4:5. After six months, Kevin increased his investment by 25%, and Ben increased his investment by 20%. What will be the ratio of their annual profit shares, with respect to Ben and Kevin?Solution
Let the initial investment of Kevin and Ben be Rs. '4y' and Rs. '5y', respectively Increased investment of Kevin = 4y X 1.25 = Rs. '5y' Increased investment of Ben = 5y X 1.2 = Rs. '6y' So, respective ratio of annual profit shares of Ben and Kevin = (5y X 6 + 6y X 6):(4y X 6 + 5y X 6) = 11y:9y = 11:9
Which IND AS governs accounting for insurance transactions in India?
Which of the following is an example of an intangible asset?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
In government project accounting (like infrastructure projects), revenue recognition may use percentage-of-completion method. Which of the following bes...
A company makes the following purchases during a month: 100 units at ₹10 each on 1 July and 200 units at ₹12 each on 14 July and later, on 25 July, ...
A trucking company purchases a delivery truck for ₹12,00,000. It expects the truck to deliver 3,00,000 km over its life and have a salvage value of �...
Match the following:
Which of the following is NOT a type of insurance?
Expiration of cost of intangible assets is referred to as:
Zero-Based Budgeting (ZBB) requires:
Relevant for Exams: