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6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay
on 14.3.2009 (73 days). Particulars of the voyage are as under :
Freight earned `
Outward 2,00,000
Inward 1,50,000
Miscellaneous expenses 24,000
Port charges 8,000
Ship staff salaries (Monthly) 14,170
Coal. 70,560
Stores. 28,130
Insurance on freight 3,207
Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per
month is the salary given to captain R. Chaudhari.
Address commission was calculated at 4% on freight outward and at 5% on freight
inward. Primage was earned 2% of freight. The annual insurance premium of ship is `
29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs,
applying straight line method.
The manager of the firm ha?
on 14.3.2009 (73 days). Particulars of the voyage are as under :
Freight earned `
Outward 2,00,000
Inward 1,50,000
Miscellaneous expenses 24,000
Port charges 8,000
Ship staff salaries (Monthly) 14,170
Coal. 70,560
Stores. 28,130
Insurance on freight 3,207
Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per
month is the salary given to captain R. Chaudhari.
Address commission was calculated at 4% on freight outward and at 5% on freight
inward. Primage was earned 2% of freight. The annual insurance premium of ship is `
29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs,
applying straight line method.
The manager of the firm ha?
Most Upvoted Answer
6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came...
Voyage Overview
The partnership's voyage from Bombay to Rangoon lasted 73 days, from January 1, 2009, to March 14, 2009.
Income from Voyage
- Outward Freight: ₹2,00,000
- Inward Freight: ₹1,50,000
- Primage (2% of Outward Freight): ₹4,000
Total Income
- Total Income = Outward Freight + Inward Freight + Primage
- Total Income = ₹2,00,000 + ₹1,50,000 + ₹4,000 = ₹3,54,000
Expenses
- Miscellaneous Expenses: ₹24,000
- Port Charges: ₹8,000
- Ship Staff Salaries (73 days):
- Monthly Salary: ₹14,170
- Total Salary = ₹14,170 * (73/30) ≈ ₹34,300
- Coal: ₹70,560
- Stores: ₹28,130
- Insurance on Freight: ₹3,207
- Annual Administrative Expenses (pro-rata for 73 days):
- Total = ₹64,500
- Monthly = ₹5,375
- Total for 73 days ≈ ₹12,875
- Captain’s Salary (73 days):
- Monthly = ₹2,100
- Total Salary ≈ ₹5,250
- Depreciation (16% on ₹10,00,000): ₹1,60,000 (annual)
- Pro-rata for 73 days ≈ ₹43,835
Total Expenses
- Total Expenses = Miscellaneous + Port Charges + Salaries + Coal + Stores + Insurance + Administrative Expenses + Captain's Salary + Depreciation
- Total Expenses = ₹24,000 + ₹8,000 + ₹34,300 + ₹70,560 + ₹28,130 + ₹3,207 + ₹12,875 + ₹5,250 + ₹43,835 ≈ ₹2,30,157
Net Profit Calculation
- Net Profit = Total Income - Total Expenses
- Net Profit = ₹3,54,000 - ₹2,30,157 = ₹1,23,843
This structured analysis provides insights into the financial outcome of the voyage, highlighting both income and expenses meticulously.
The partnership's voyage from Bombay to Rangoon lasted 73 days, from January 1, 2009, to March 14, 2009.
Income from Voyage
- Outward Freight: ₹2,00,000
- Inward Freight: ₹1,50,000
- Primage (2% of Outward Freight): ₹4,000
Total Income
- Total Income = Outward Freight + Inward Freight + Primage
- Total Income = ₹2,00,000 + ₹1,50,000 + ₹4,000 = ₹3,54,000
Expenses
- Miscellaneous Expenses: ₹24,000
- Port Charges: ₹8,000
- Ship Staff Salaries (73 days):
- Monthly Salary: ₹14,170
- Total Salary = ₹14,170 * (73/30) ≈ ₹34,300
- Coal: ₹70,560
- Stores: ₹28,130
- Insurance on Freight: ₹3,207
- Annual Administrative Expenses (pro-rata for 73 days):
- Total = ₹64,500
- Monthly = ₹5,375
- Total for 73 days ≈ ₹12,875
- Captain’s Salary (73 days):
- Monthly = ₹2,100
- Total Salary ≈ ₹5,250
- Depreciation (16% on ₹10,00,000): ₹1,60,000 (annual)
- Pro-rata for 73 days ≈ ₹43,835
Total Expenses
- Total Expenses = Miscellaneous + Port Charges + Salaries + Coal + Stores + Insurance + Administrative Expenses + Captain's Salary + Depreciation
- Total Expenses = ₹24,000 + ₹8,000 + ₹34,300 + ₹70,560 + ₹28,130 + ₹3,207 + ₹12,875 + ₹5,250 + ₹43,835 ≈ ₹2,30,157
Net Profit Calculation
- Net Profit = Total Income - Total Expenses
- Net Profit = ₹3,54,000 - ₹2,30,157 = ₹1,23,843
This structured analysis provides insights into the financial outcome of the voyage, highlighting both income and expenses meticulously.
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6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha?
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6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha?.
6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha?.
Solutions for 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? defined & explained in the simplest way possible. Besides giving the explanation of
6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha?, a detailed solution for 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? has been provided alongside types of 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? theory, EduRev gives you an
ample number of questions to practice 6. Mira same Par'ship went on 1.1.2009 from Bombay to Rangoon and came back to Bombay on 14.3.2009 (73 days). Particulars of the voyage are as under : Freight earned ` Outward 2,00,000 Inward 1,50,000 Miscellaneous expenses 24,000 Port charges 8,000 Ship staff salaries (Monthly) 14,170 Coal. 70,560 Stores. 28,130 Insurance on freight 3,207 Annual administrative expenses of total three ships are put at ` 64,500 and ` 2,100 per month is the salary given to captain R. Chaudhari. Address commission was calculated at 4% on freight outward and at 5% on freight inward. Primage was earned 2% of freight. The annual insurance premium of ship is ` 29,200, 16% per annum depreciation is to be calculated on the value of the ship ` 10 lakhs, applying straight line method. The manager of the firm ha? tests, examples and also practice UPSC tests.
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