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Start learning 50% faster. Sign in nowLet 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
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
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Section 4(1) of the Payment of Gratuity Act, 1972, provides that gratuity shall be payable to an employee on the termination of his employment after he ...
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Valuing inventory at cost or net realizable value is based on which principle?
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Which of the following transactions is capital expenditure?
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How many parties are involved in a Bill of Exchange?
