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A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.?
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?A, B and C are partners with profits sharing ratio 4:3:2. B retires a...
And C decide to share the future profits equally, find the new profit sharing ratio of A and C.
Initially, the profit sharing ratio of A, B, and C is 4:3:2.
When B retires, the new profit sharing ratio between A and C will be equal. Let's assume this ratio to be x: x.
The total profit sharing ratio between A and C is x+x = 2x.
The total profit sharing ratio before B's retirement is 4+3+2 = 9.
So, we can set up the following equation:
2x = 9
Solving this equation, we get:
x = 9/2
Therefore, the new profit sharing ratio between A and C is 9/2:9/2 or 9:9.
However, we need to find the new profit sharing ratio of A and C after considering the Goodwill of Rs. 10,800.
When B retires, the Goodwill is shared between A and C in their profit sharing ratio.
The total profit sharing ratio after sharing the Goodwill is 9+9 = 18.
The share of A in the Goodwill is (9/18) * 10,800 = Rs. 5,400.
The share of C in the Goodwill is also (9/18) * 10,800 = Rs. 5,400.
So, the new profit sharing ratio of A and C, considering the Goodwill, is 9:9 + 5,400:5,400.
Simplifying this ratio, we get:
9:9 + 5,400:5,400
9:9 + 1:1
9:10
Therefore, the new profit sharing ratio of A and C, after considering the Goodwill, is 9:10.
Initially, the profit sharing ratio of A, B, and C is 4:3:2.
When B retires, the new profit sharing ratio between A and C will be equal. Let's assume this ratio to be x: x.
The total profit sharing ratio between A and C is x+x = 2x.
The total profit sharing ratio before B's retirement is 4+3+2 = 9.
So, we can set up the following equation:
2x = 9
Solving this equation, we get:
x = 9/2
Therefore, the new profit sharing ratio between A and C is 9/2:9/2 or 9:9.
However, we need to find the new profit sharing ratio of A and C after considering the Goodwill of Rs. 10,800.
When B retires, the Goodwill is shared between A and C in their profit sharing ratio.
The total profit sharing ratio after sharing the Goodwill is 9+9 = 18.
The share of A in the Goodwill is (9/18) * 10,800 = Rs. 5,400.
The share of C in the Goodwill is also (9/18) * 10,800 = Rs. 5,400.
So, the new profit sharing ratio of A and C, considering the Goodwill, is 9:9 + 5,400:5,400.
Simplifying this ratio, we get:
9:9 + 5,400:5,400
9:9 + 1:1
9:10
Therefore, the new profit sharing ratio of A and C, after considering the Goodwill, is 9:10.
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?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.?
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?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about ?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.?.
?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about ?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ?A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 shown in books of account. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.?.
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