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More Commerce Questions
Profit and loss account of business shows the:
Which of the following sets of expenses are the direct expenses of the business:
Fixed Assets (Net): 31 st December,1994 = Rs. 1,50,000 31 st December, 1995 = Rs. 1,90,000 Provision for depreciation: A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995 The application of funds in respect of fixed assets during the year is:
An insurance agent is typically a representative of
X Ltd purchased 70% of the shares of Y Ltd at a price of Rs. 1,00,000. The share capital of Y Ltd was Rs. 70,000, and its accumulated profits amounted to Rs. 90,000. What would be the amount of minority interest in the consolidated balance sheet?