Amaravathi sold her business to Komala Ltd., with effects from 1 st January 2007 for 5,00,000. The
Question:
Amaravathi sold her business to Komala Ltd., with effects from 1st January 2007 for ₹5,00,000. The company was incorporated on 1st April 2007 and on 31st December 2007, the accounts were finalised. The company paid off Amaravathi on 31st August 2008 with interest of ₹40,000. Salaries for the year amounted to ₹58,000. There were five employees before incorporation, but three more were recruited on the date of incorporation. You are required to calculate:
(a). Time Ratio.
(b). Adjusted Time Ratio for Interest.
(c). Weighted Time Ratio for Salaries.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: