Question
P started a work by investing ₹6,000. After 6 months Q
joined with an amount of ₹14,000. After 1 year R joined with ₹12,000. After two years of work, they earned a total profit of ₹45,000. What is the share of P?Solution
P invested ₹6,000 for 2 years → His total investment time = 6000 × 24 = 144000 Q joined after 6 months with ₹14,000 for 1.5 years → 14000 × 18 = 252000 R joined after 1 year with ₹12,000 for 1 year → 12000 × 12 = 144000 Now, total investment time = 144000 + 252000 + 144000 = 540000 P's share in the total profit = 144000/540000 × 45000 = ₹12,000. Hence, P's share = ₹12,000.
When is a Suspense Account opened?
Which component of a project report deals with scheduling activities and preparing for cost or time overruns using tools analyses?
Under which act does the Securities and Exchange Board of India (SEBI) operate to regulate the securities market in India?
Electronic Fund Transfer (EFT) is a:
Which of the following statements is true for cash basis accounting?
As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
For an NBFC-MFI (Microfinance Institution), what is the minimum proportion of its assets that must be in the form of microfinance loans?
Which organization sets the GAAP standards in India?
In cost accounting, 'Overhead' refers to:
A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an au...
Relevant for Exams:
