Explanation

The formula for compound interest is:

A = P(1 + r/100)ⁿ

A = Amount

P = Principal

r = rate of interest

n = conversion period

In the given problem statement :

P = Rs. 1,00,000

r = 5%

n = 6 months

(i) Interest for six months

A = 1,00,000(1 + 5/100)¹

= 1,00,000(1 + 0.05)

= 1,00,000(1.05)

= 1,05,000

Interest for six months = 1,05,000 - 1,00,000

= Rs.5000

(ii) Amount for six Months = Rs. 1,05,000

(iii) Interest for next six months

A = 1,05,000(1 + 5/100)

= 1,05,000(1.05)

= 1,10,250

Interest for next six months = Rs. 1,10,250 - Rs. 1,10,000

= Rs. 5,250

(iv) Amount for One year = Rs. 1,10,250

Explanation

A contract is a type of legally binding written or spoken agreement.

A valid contract will create a mutual obligation.

This means that each of the parties is obligated, or required, to perform a duty under the contract.

The contract conditions determine the parties' obligations.

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Explanation

Verification is a procedure of:

examining and confirming the ownership

actual existence,

valuation

and possession of the assets and liabilities appearing in the Balance Sheet.

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Explanation

current ratio = current assets (C.A)/ Current 

Liabilities (C.L) = 2/1 

s, CA = 2 CL

Now working capital = current assets (CA) minus Current Liabilities (C.L) = Rs 60000

So, C.A - C.L = 60000

2 C.L - CL = 60000

C.L = Rs. 60000

Now C.A = 2 x 60000

C.A = Rs. 120000

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Explanation

 the average of the data is also known as the arithmetic mean.

Explanation

The primary forms of business that have unlimited liability are:

• Sole Proprietorship 
• Owner is personally responsible for all business debts
• Personal assets can be used to settle business obligations
• General Partnership
• All partners share unlimited joint and several liability
• In these structures, owners' personal assets are at risk beyond their business investment.

Explanation

Ethnography is a method that is commonly used in qualitative research.

This type of research involves the study of a culture or group of people, usually through fieldwork.

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Explanation

The first and the most important function of management is Planning.

Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time.

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Explanation

Systematic risk refers to the risk inherent to the entire market or market segment.

Market risk is also known as systematic risk.

Explanation

Floating assets are assets that are continually changing in quantity and/or value, such as:

amount of accounts receivable,

cash

inventory

outstanding shares.

Floating assets are valued at cost or market value whichever is lower because of the prudence principle.

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