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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………
- a)63,000 and 21,000.
- b)50,000 and 34,000.
- c)52,500 and 31,500.
- d)60,000 and 24,000.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with...
The total capital of B and D is Rs. 1,20,000 (90,000 + 30,000).
The profit sharing ratio is 3:1, which means B gets 3/4th and D gets 1/4th of the profit.
Let the new profit sharing ratio be 5x and 3x.
We can set up the following equation:
3/4 * profit = 5x/8 * profit + 3x/8 * profit + goodwill
Where profit is the total profit earned after 01.04.2006.
Simplifying the equation, we get:
3/4 * profit = (5x+3x)/8 * profit + 84,000
3/4 * profit = 8x/8 * profit + 84,000
3/4 * profit - 8x/8 * profit = 84,000
-5/8 * profit = 84,000
Profit = -1,34,400
This means there was a loss of Rs. 1,34,400 after 01.04.2006.
Now, we can calculate the new capitals of B and D using the new profit sharing ratio:
B's capital = (5/8) * (90,000) - 84,000 = 9,375
D's capital = (3/8) * (30,000) - 84,000 = -33,375
Since D's capital is negative, we can assume that B will absorb the loss. Therefore, B's new capital will be:
90,000 + 9,375 - 1,34,400 = -35,025
D's new capital will be 30,000 - 33,375 = -3,375
Thus, the new capital of B is Rs. -35,025 and the new capital of D is Rs. -3,375.
The profit sharing ratio is 3:1, which means B gets 3/4th and D gets 1/4th of the profit.
Let the new profit sharing ratio be 5x and 3x.
We can set up the following equation:
3/4 * profit = 5x/8 * profit + 3x/8 * profit + goodwill
Where profit is the total profit earned after 01.04.2006.
Simplifying the equation, we get:
3/4 * profit = (5x+3x)/8 * profit + 84,000
3/4 * profit = 8x/8 * profit + 84,000
3/4 * profit - 8x/8 * profit = 84,000
-5/8 * profit = 84,000
Profit = -1,34,400
This means there was a loss of Rs. 1,34,400 after 01.04.2006.
Now, we can calculate the new capitals of B and D using the new profit sharing ratio:
B's capital = (5/8) * (90,000) - 84,000 = 9,375
D's capital = (3/8) * (30,000) - 84,000 = -33,375
Since D's capital is negative, we can assume that B will absorb the loss. Therefore, B's new capital will be:
90,000 + 9,375 - 1,34,400 = -35,025
D's new capital will be 30,000 - 33,375 = -3,375
Thus, the new capital of B is Rs. -35,025 and the new capital of D is Rs. -3,375.
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with...
Correct answer is A because after new at the time of reconstruction of partnership Goodwill is credited in old ratio
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer?
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer?.
The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer?.
Solutions for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. Goodwill valued on 02.04.2006 as Rs. 84,000 will be credited to B and D’s capital by Rs………. and Rs. …………a)63,000 and 21,000.b)50,000 and 34,000.c)52,500 and 31,500.d)60,000 and 24,000.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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