A and B are in partnership sharing profits and losses in the ratio of 3;2. They admit C, their manager, as a partner with effect from 1st April 2022, for 1/4th share of profits.
Solution:- Working Notes:-
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Answer
Solution:- Working Notes:-
Solution:-
Ans – d) Explanation:- NNP at MP = NDP at FC + Indirect tax – subsidies – Net factor income to abroad NNP at MP = 80 + 10 – 0 – (- 10) NNP at MP = ₹ 100
Ans – a) Explanation:- NDP at FC = GDP at MP – Depreciation – Indirect tax + subsidies NDP at FC = 100 – 10 + 5 = ₹ 95
Ans – d) Explanation GDP at MP = NDP at FC + Depreciation + Indirect tax – Subsidies Gross indicates depreciation included MP (Market Price) indicates net indirect tax (Indirect tax – subsidies) included.
Ans – a) Explanation:- As Chinese embassy is administered by the government of China and all administrative policies are applied as per their government. Thus Chinese embassy comes under the Economic territory of China.
Ans – c) Explanation:- Economic territory is also known as Domestic territory
Ans – d) In economic territory, people, goods and capital moves freely.
Ans – d) Explanation:- A resident of a country is the one who lives, earns, spends and save in that country he lives irrespective of the citizenship
Ans – c) Capital is stock as it is measured at a particular point in time. For example:- at 31st March 2023, on 1st April 2022 Investment is a flow as it is measured during a period of time. For…