Fundamentals
Quiz by Pooja Bhatla
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5 questions
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- Q1What should be maximum number of partners ?102502030s
- Q2Pick odd one outManagers CommissionInterest on capitalRentInterest on partners Loan30s
- Q3A manager gets a5%commission on net profit after charging such commission. Gross Profit=5,80,000. Indirect Expenses=1,60,000.Commission will be2100022000200001500030s
- Q4X,Y&Z were sharing in the ratio of 6:4:1.X guaranteed a profit of 15000 to Z.Net Profit for the year was 99000.X's share of profit will be4500030000480001500030s
- Q5A &B were sharing in the ratio of 3:2.Their capitals were 120000 & 240000.They were entitled to Interest on capital @10%p.a.Firm earned a profit of 18000 during the year. The interest on A's capital will be12000600072001080030s