Read the following case study and answerquestions:FORTUNELtd. is a company engaged in textile business having a share capital of Rs.2,00,000. Rema, the accountant of the firm is analysing its financial figuresand intends to prepare its statement of profit and loss for 2021. The sales ofthe company during this period were 7,00,000 and sales return were 40,000. Itspurchases were 4,95,000, wages amounted to 1,00,000, salaries amounted to15,000, rent amounted to 9,900, sundry expenses were worth 14,100 and alsothere was a discount (Cr.) worth 10,000. 5. What is the amount that will be shown in revenue from operations in the statement of profit and loss?1 point7,00,0007,40,0006,60,00028,10,0006. What is the amount that will be shown in other income in the statement of profit and loss?1 point5,00010,00020,000None of these7. What is the amount that will be shown in employee benefit expenses in the statement of profit and loss? 1 point71,00,00015.0001,07,5001,15,0008.What is the amount that will be shown in other expenses in the statement of profit and loss?1 point24,00014,1009,900None of these

Read the following passage and answer the questions given belowRahul, Ravi, and Raju are the  parteners of a business. They started a partnership business in the textiles. Their capital were Rs 4,00,000  Rs 3,00,000 And Rs 1, 00,000 respectively. They decided to share the profit and losses in the ratio of 4:3:1.They decided to expand their business, The new partner was admitted Ramesh in the firm for 1/5th of share in the profit. On Ramesh admission the goodwill of the firm was valued at 3 years. Purchase of last 5 years average profit.        The profit during last 5 year were Rs 5,00,000 , 4,00,000  and 2,00,000 , 1,00,000 . Ramesh brought Rs 2,00,000 his capital and Also his share of goodwill 1) What amount of capital will be brought by Ramesh1 point1,00,0002,00,00050,0003,00,0002) What is the total capital of the firm at the time of started the business1 point2,00,0001,00,0008,00,0005,00,0003) Who is the new partner of the firm1 pointKavinRameshRaniKeshavOther:4) On the Ramesh admission the goodwill of the firm is valued at ______ year*1 point5327Other:BackNextClear form

The average profit of a business over the last 5 years amounting to ₹ 60,000. The normalcommercial yield on capital invested in such a business is Deemed to be 10% per annum. Thenet capital invested in the business is ₹ 5,00,000. amount of goodwill, if it is based on 3 yearspurchase of last 5 years super profit will be(A) ₹100000(B) ₹180000(C) ₹ 30000(D) ₹ 150000

The Gross Profit of a business being ₹ 2,00,000 and the amount of loss of Profit Policy being ₹ 1,50,000, then the claim for loss ₹ 20,000 will reduce to. (एक व्यापार का सकल लाभ ₹ 2,00,000 एवं लाभ-हानि की पालिसी की रकम ₹ 1,50,000 है, अत: ₹ 20,000 की हानि की दशा में दावा करके ले आया जाएगा)a.₹ 12,000b.₹ 15,000c.₹ 20,000d.None of these (इनमें से कोई नहीं)

A firm earned a profit of Rs 50000 on the capital of RS./400000 normal rate of return is 12%calculate the value of goodwill at 3 year purchase of super profit

A company commenced business on 1 July 2022. On 30 June 2023, an extract of the statement of financial position prepared for internal purposes, but excluding the effect of income tax, disclosed the following information:  AssetsLiabilitiesCash$20,000Accounts Payables$50,000Inventories60,000Provision for annual Leave8,000Plant200,000  Accumulated Depreciation(20,000)   Additional information:  The plant was acquired on 1 July 2022. Depreciation for accounting purposes was 10% (straight-line method), while 20% (straight-line) was used for tax purposes. The tax rate is 30%.The deferred tax liability and deferred tax asset are:Group of answer choicesDTL = $2,400 and DTA = $6,000DTL = $20,000 and DTA = $8,000DTL = $8,000 and DTA = $20,000DTL = $6,000 and DTA = $2,400