The Revenue Profits of a Subsidiary company S Ltd. is $R s .1, 20, 000$ . Ratio between holding and minority is $3 : 1$ . What is share of revenue profits of Holding Company H. Ltd.?

R s . 30, 000

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R s . 60, 000

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R s . 90, 000

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R s . 45, 000

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Solution

The correct option is B $R s . 90, 000$
The revenue profits of the subsidiary company is $R s .120000$ and the Holding : Minority ratio is $3 : 1$ so the share of revenue profits of the Holding Company H. Ltd. is calculated as follows: $R s . 120000$ x $3 / 4 = R s . 90000$ .

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Closing capital = Rs. 1,20,000. Shares issued during the year Rs. 45,000. Drawings = Rs. 10,000. Profit for the year = Rs. 30,000 . What shall be the opening capital?

From the following information prepare the balance sheet of Gitanjali Ltd., as per the (Revised) Schedule VI:

Inventories Rs. 14,00,000; Equity Share Capital Rs. 20,00,000; Plant and Machinery Rs. 10,00,000; Preference Share Capital Rs. 12,00,000; Debenture Redemption Reserve Rs. 6,00,000; Outstanding Expenses Rs. 3,00,000; Proposed Dividend Rs. 5,00,000; Land and Building Rs. 20,00,000; Current Investments Rs. 8,00,000; Cash Equivalent Rs. 10,00,000; Short term loan from Zaveri Ltd. (A Subsidiary Company of Twilight Ltd.) Rs. 4,00,000; Public Deposits Rs. 12,00,000.

From the following information, calculate Operating Ratio and Quick Ratio.

Revenue from operations Rs 3,00,000; Opening Inventory Rs 10,000; Purchases Rs 1,20,000; Wages Rs 30,000 ; Closing Inventory Rs 30,000; Selling and Distribution Expenses Rs 10,000; Currnet Assets Rs 2,00,000 and Current Liabilities Rs 1,20,000.

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The Revenue Profits of a Subsidiary company S Ltd. is Rs.1,20,000. Ratio between holding and minority is 3:1. What is share of revenue profits of Holding Company H. Ltd.?

The correct option is B Rs.90,000The revenue profits of the subsidiary company is Rs.120000 and the Holding : Minority ratio is 3:1 so the share of revenue profits of the Holding Company H. Ltd. is calculated as follows: Rs.120000 x 3/4=Rs.90000.

The Revenue Profits of a Subsidiary company S Ltd. is $R s .1, 20, 000$ . Ratio between holding and minority is $3 : 1$ . What is share of revenue profits of Holding Company H. Ltd.?

The correct option is B $R s . 90, 000$
The revenue profits of the subsidiary company is $R s .120000$ and the Holding : Minority ratio is $3 : 1$ so the share of revenue profits of the Holding Company H. Ltd. is calculated as follows: $R s . 120000$ x $3 / 4 = R s . 90000$ .