The finder of goods has a right to sale the goods if one of the following conditions is satisfied:
A. When the lawful charges of the finder amounts to $${\frac{2}{3}^{{\text{rd}}}}$$ of its value
B. When the lawful charges amount $${\frac{4}{5}^{{\text{th}}}}$$ of its value
C. When the lawful charges amount to $${\frac{1}{3}^{{\text{rd}}}}$$ of its value
D. When the lawful charges amounts to $${\frac{2}{5}^{{\text{th}}}}$$ of its value
E. When the lawful charges amounts to $${\frac{1}{{10}}^{{\text{th}}}}$$ of its value
Answer: Option A
This Question Belongs to Commerce >> Miscellaneous In Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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