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X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer?.
Solutions for X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.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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Here you can find the meaning of X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice X, Y and Z are partners in a firm. At the time of division of profit for the year there was dispute between the partners. Profits before interest on partner’s capital was Rs. 6,000 and Z demanded minimum profit of Rs. 5,000 as his financial position was not good. However, there was no written agreement on this profit. Profits to be distributed to X, Y and Z will bea)Other partners will pay Z the minimum profit and will suffer loss equally.b)Other partners will pay Z the minimum profit and will suffer loss in capital ratio.c)X & Y will take Rs. 500 each and Z will take Rs. 5000.d)Rs. 2,000 to each of the partners.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.