Question:
Sachin invested Rs. 95,000 in a business. After few months, Viju joined him Rs.57, 000. At the end of the year, the total profit was divided between them in ratio 2:1. After how many months did Viju join?
Sachin invested Rs. 95,000 in a business. After few months, Viju joined him Rs.57, 000. At the end of the year, the total profit was divided between them in ratio 2:1. After how many months did Viju join?
Updated On: Oct 16, 2024
- 2
- 5
- 4
- 3
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct answer is Option (A): 2
Was this answer helpful?
0
0
Top Questions on Shares
- Arrange the following in the correct sequence of Accounting for Share Capital:
(A) Forfeiture of shares for non-payment of call
(B) Money received on allotment
(C) Profit on reissue of forfeited shares accounts transferred to capital reserve
(D) Money received on application
Choose the correct answer from the options given below: - In the absence of any information, the retiring/deceased partner’s share of profit will be acquired by the remaining partners in:
- The Balance in the Share Forfeited Account relating to reissue of forfeited shares will be treated as:
- Debit side of partner's current Account shows:
(A) Drawings made out of Capital
(B) Interest on Drawings
(C) Share of Loss on Revaluation
(D) Additional Capital Introduced
(E) Adjustment of Goodwill already appearing in Balance Sheet
Choose the correct answer from the options given below:
- Arrange the following steps in correct order.
(A) Calls in Arrears
(B) Reissue of shares
(C) Making calls
(D) Gain on Reissue transferred to Capital Reserve
(E) Forfeiture of shares
Choose the correct answer from the options 8iven below :
View More Questions
Questions Asked in ATMA exam
- Select one of the following four options that will make the 2nd pair analogous to the 1st pair given.
( 1 @ 3 @ 6) : 100 :: ( 2 @ 3 @ 5) : ?- ATMA - 2021
- Analogy
- Identify the synonym of the given word:
ABSOLUTE- ATMA - 2021
- Synonyms
- Fil in the blanks with the correct option.
There is____butter left . We need to buy___more.- ATMA - 2021
- Fill in the Blanks
- Fil in the blanks with the correct option.
Would you like______bread?- ATMA - 2021
- Fill in the Blanks
- Fil in the blanks with the correct option.
Idon't want my friends to have______to complain over this cake, so Iwil give it my best shot.- ATMA - 2021
- Fill in the Blanks
View More Questions