Can someone pls solve these probs 4 me? I'll b appearing 4 cpt in June 2009.
- Ram the manager, is entitled to get a commission of Rs 25 per article sold plus 1/4th of the amount by which the gross sales proceeds less total commission there on exceed a sum at the rate of Rs 125 per article sold. Ram sold 450 articles at Rs.73800. What is his commission?
- A & B are partners sharing profits in the ratio 2/3 & 1/3. Their capitals on Dec.31,2004 were Rs.102900 and Rs.73500. C was admitted as a new partner on Jan 1, 2005 for 1/5th share. He contributes Rs.15,210 as G/W. He brings his capital in profit sharing ratio. What is his capital?
- The Co. issued debentures of the F.V Rs.1,00,000 at a disc of 6% on 1 Jan 2004. These debentures are redeemable by annual drawings of Rs.20,000 made on 31st Dec each year. The directors decided to write off discount based on the debentures outstanding each year. Discount to be written off in the fifth year will be?
Awaiting your help, Jasmin.
CAclubindia
