The formula for \(GNP_{FC}\) is:
\( GNP_{FC} = \text{Wages \& Salaries} + \text{Rent \& Interest} + \text{Corporate Tax} + \text{Undistributed Profit} + \text{Dividend} + \text{Depreciation} + \text{Net Factor Income from Abroad} \)
Substituting the given values:
\( GNP_{FC} = 2000 + 800 + 500 + 300 + 200 + 150 + (-50) \)
Simplifying:
\( GNP_{FC} = 2000 + 800 + 500 + 300 + 200 + 150 - 50 \)
Final Answer:
\( GNP_{FC} = ₹ 3,900 \text{ crore} \)
During the British rule, India’s foreign trade had various features except _________ .
Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2:3. On 31st March, 2024, their Balance Sheet was given. Daya was admitted with 2:3:5 profit sharing ratio, bringing in capital and goodwill. Various revaluations and adjustments were also made. Journalise the transactions related to Daya’s admission.