alleryStart learning →A venturer owns 25% of a jointly controlled entity with revenue Rs 8 crore and expenses Rs 6 crore. Its share of profit is?
ARs 2.0 crore
BRs 1.5 crore
CRs 0.5 crore
DRs 0.25 crore
Answer & Solution
Correct answer: C. Rs 0.5 crore
Net profit of the entity is Rs 2 crore and 25% of that is Rs 0.5 crore, being revenue share Rs 2 crore less expense share Rs 1.5 crore.
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