Let the Raju’s capital = 9 x Ramesh’s capital = 16 x Total profit = Rs. 5,900 According to the question, Total capital invested by Raju = 9x × 5 + (9x × (2 )/(3 )) × 7 = 87 x Total capital invested by Ramesh = 16x × 8 + (16x × (5 )/(4 )) × 4 = 208 x Share of Raju and Ramesh = 87 x : 208 x Share of Ramesh = (5900 )/(295 )× 208 = Rs. 4,160
A company registered under section 8 of the Companies Act shall not alter the provisions of its memorandum or articles except with the previous approva...
Window dressing implies which among the following?
Which of the following statements is true?
Donation given by any person except by Indian company to Political Parties or Electoral Trust is allowed under which section?
XYZ Radiology Centre acquired a new imported X-ray machine for Rs.10,50,000. Octroi paid on the machine was Rs. 5,000. Expenses of setting up and start...
According to the Insurance Act, who can receive remuneration or reward for soliciting or procuring insurance business in India?
IND AS 115 prescribes a 5-step model for recognition of revenue, identify the correct sequence of the following steps given below:
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Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accoun...
Use of cash to underrate a capital expenditure in an organisation involves an outflow of cash. This transaction will be reflected in the Cash Flow State...
