The amount received by a partnership firm from the insurance company on the maturity of a Joint Life Policy taken by the firm will be distributed amongst the partner: (a) Equally (b) In the profit sharing ratio (c) In the ratio of capital balances at the beginning of the year (d) In the ration of capital balances at the end of the accounting year.
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The value of an investment increases by x% during january and decreases by y% during february. If the value of the investment is the same at the end of february as at the beginning of january, what is y in terms of
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