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Sohan’s firm has a capital of ₹ 10,00,000; Sales of ₹ 5,00,000; Gross profit of ₹ 2,00,000 and Expenses of ₹ 1,00,000. He has hired a chartered account to work and manage his accounts. The CA, while working on the sales and profits, etc. found that the return on investment for the firm will be 10%. Sohan doubted the calculation of the CA. Keeping in view the above scenario, state whether the CA’s calculation was true or false.
  • a)
    True
  • b)
    False
Correct answer is option 'A'. Can you explain this answer?
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Sohan’s firm has a capital of 10,00,000; Sales of 5,00,000; Gross profit of 2,00,000 and Expenses of 1,00,000. He has hired a chartered account to work and manage his accounts. The CA, while working on the sales and profits, etc. found that the return on investment for the firm will be 10%. Sohan doubted the calculation of the CA. Keeping in view the above scenario, state whether the CA’s calculation was true or false.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Sohan’s firm has a capital of 10,00,000; Sales of 5,00,000; Gross profit of 2,00,000 and Expenses of 1,00,000. He has hired a chartered account to work and manage his accounts. The CA, while working on the sales and profits, etc. found that the return on investment for the firm will be 10%. Sohan doubted the calculation of the CA. Keeping in view the above scenario, state whether the CA’s calculation was true or false.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sohan’s firm has a capital of 10,00,000; Sales of 5,00,000; Gross profit of 2,00,000 and Expenses of 1,00,000. He has hired a chartered account to work and manage his accounts. The CA, while working on the sales and profits, etc. found that the return on investment for the firm will be 10%. Sohan doubted the calculation of the CA. Keeping in view the above scenario, state whether the CA’s calculation was true or false.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer?.
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