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A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution?
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A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively fo...
Calculation of each partner's share in the profit:
- A's capital contribution = Rs 50,000 + Rs 20,000 (advance) = Rs 70,000
- B's capital contribution = Rs 40,000
- C's capital contribution = Rs 30,000

Calculation of profit sharing ratio:
- A's share = 70,000 / (70,000 + 40,000 + 30,000) * 80,000 = Rs 28,000
- B's share = 40,000 / (70,000 + 40,000 + 30,000) * 80,000 = Rs 16,000
- C's share = 30,000 / (70,000 + 40,000 + 30,000) * 80,000 = Rs 12,000
Therefore, A's share in the profit is Rs 28,000, B's share is Rs 16,000, and C's share is Rs 12,000.
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A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively fo...
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A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution?
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A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution? 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 had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution?.
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