Parul, Prerna, and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual profit of ₹ 2,00,000
Solution:-
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Ashmit, Abbas, and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed a minimum profit of ₹ 1,50,000 per annum.
Solution:-
P, Q, and R entered into a partnership on 1st April 2018 to share profit and losses in the ratio of 12 : 8 : 5.
Solution:- For the Year 2021 For the Year 2022:- For the Year 2023:-
P and Q were partners in a firm sharing profits in the ratio of 5:3. On 1st April 2022 they admitted R as a new partner for 1/8th share in the profits with a guaranteed profit of ₹ 75,000.
Solution:-
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:-
Asgar, Chaman, and Dholu are partners in a firm. Their capital Accounts stood at ₹ 6,00,000 and ₹ 5,00,000 and ₹ 4,00,000 respectively on 1st April 2022.
Solution:-
Given NDP at FC = 80, indirect tax = 10 and net factor income to abroad = – 10, what is NNP at MP ?
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
Given GDP at MP = 100, Subsidies = 5 and Depreciaiton = 10, then NDP at FC equals
Ans – a) Explanation:- NDP at FC = GDP at MP – Depreciation – Indirect tax + subsidies NDP at FC = 100 – 10 + 5 = ₹ 95
GDP at MP is
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.
Chinese embassy in India is a part of economic territory of
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.