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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.
  • a)
    Rs. 2,16,000 & Rs. 1,42,000.
  • b)
    Rs. 2,44,000 & Rs. 2,16,000.
  • c)
    Rs. 3,60,000 & Rs. 3,60,000.
  • d)
    Rs. 2,16,000 & Rs. 1,44,000.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If three partners A, B & C are sharing profits as 5:3:2, then on t...
, and C invest $10,000, $15,000, and $20,000 respectively in a business, the total investment in the business would be:

$10,000 + $15,000 + $20,000 = $45,000

To find the percentage of each partner's investment in the total investment, we can divide each partner's investment by the total investment and multiply by 100.

Partner A's percentage of the total investment:

($10,000 / $45,000) x 100 = 22.22%

Partner B's percentage of the total investment:

($15,000 / $45,000) x 100 = 33.33%

Partner C's percentage of the total investment:

($20,000 / $45,000) x 100 = 44.44%
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Community Answer
If three partners A, B & C are sharing profits as 5:3:2, then on t...
Step-1:calculating average profit(I,e.)
329000+346000+405000/3
=360000

step-2:good will (I,e.)
360000×2yrs of purchase
we get,=720000

step-3:share of profit
A's share 5/10×720000
=360000
B and C will pay 360000 in 3:2ratio
B=216000
C=144000
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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer?
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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.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 If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.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 If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer?.
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Here you can find the meaning of If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000.b)Rs. 2,44,000 & Rs. 2,16,000.c)Rs. 3,60,000 & Rs. 3,60,000.d)Rs. 2,16,000 & Rs. 1,44,000.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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