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A and B are partners sharing profits and losses in the ratio of their effective capital. They had Rs. 1,00,000 and Rs. 60,000 respectively in their capital accounts as on 1st January, 2011. A introduced a further capital of Rs. 10,000 on 1st April, 2011 and another Rs. 5,000 on 1st July, 2011. On 30th September, 2011. A withdrew Rs. 40,000. On 1st July, 2011. B introduced further capital of Rs. 30,000. The partners drew the following amount anticipation of profit. A drew Rs. 1,000 per month at the end of each month beginning from January, 2011. B drew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September. Calculate the ratio of effective capitals?
- a)1:1
- b)5:3
- c)2:3
- d)4:3
Correct answer is option 'D'. Can you explain this answer?
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Given information:
- A and B are partners sharing profits and losses in the ratio of their effective capital.
- As on 1st January, 2011, A had Rs. 1,00,000 and B had Rs. 60,000 in their capital accounts.
- On 1st April, 2011, A introduced a further capital of Rs. 10,000 and on 1st July, 2011, A introduced another Rs. 5,000.
- On 30th September, 2011, A withdrew Rs. 40,000.
- On 1st July, 2011, B introduced further capital of Rs. 30,000.
- A drew Rs. 1,000 per month at the end of each month beginning from January, 2011.
- B drew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.
To find: Ratio of effective capitals of A and B
Solution:
Step 1: Calculate the capital of A and B at different times.
- As on 1st January, 2011, A's capital = Rs. 1,00,000 and B's capital = Rs. 60,000
- On 1st April, 2011, A introduced Rs. 10,000. So, A's capital = Rs. 1,10,000 and B's capital = Rs. 60,000
- On 1st July, 2011, A introduced another Rs. 5,000. So, A's capital = Rs. 1,15,000 and B's capital = Rs. 60,000 + Rs. 30,000 = Rs. 90,000
- On 30th September, 2011, A withdrew Rs. 40,000. So, A's capital = Rs. 75,000 and B's capital = Rs. 90,000
Step 2: Calculate the total drawings of A and B.
- A drew Rs. 1,000 per month from January to June (6 months) = Rs. 6,000
- A drew Rs. 1,000 on 31st July, Rs. 1,000 on 31st August, and Rs. 1,000 on 30th September = Rs. 3,000
- Total drawings of A = Rs. 9,000
- B drew Rs. 1,000 on 30th June and Rs. 5,000 on 30th September = Rs. 6,000
Step 3: Calculate the effective capital of A and B.
- Effective capital of A = A's capital - A's drawings = Rs. 75,000 - Rs. 9,000 = Rs. 66,000
- Effective capital of B = B's capital - B's drawings = Rs. 90,000 - Rs. 6,000 = Rs. 84,000
Step 4: Calculate the ratio of effective capitals of A and B.
- Ratio of effective capitals of A and B = Effective capital of A : Effective capital of B
= Rs. 66,000 : Rs. 84,000
= 4 : 3
Therefore, the ratio of effective capitals of A and B is
- A and B are partners sharing profits and losses in the ratio of their effective capital.
- As on 1st January, 2011, A had Rs. 1,00,000 and B had Rs. 60,000 in their capital accounts.
- On 1st April, 2011, A introduced a further capital of Rs. 10,000 and on 1st July, 2011, A introduced another Rs. 5,000.
- On 30th September, 2011, A withdrew Rs. 40,000.
- On 1st July, 2011, B introduced further capital of Rs. 30,000.
- A drew Rs. 1,000 per month at the end of each month beginning from January, 2011.
- B drew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.
To find: Ratio of effective capitals of A and B
Solution:
Step 1: Calculate the capital of A and B at different times.
- As on 1st January, 2011, A's capital = Rs. 1,00,000 and B's capital = Rs. 60,000
- On 1st April, 2011, A introduced Rs. 10,000. So, A's capital = Rs. 1,10,000 and B's capital = Rs. 60,000
- On 1st July, 2011, A introduced another Rs. 5,000. So, A's capital = Rs. 1,15,000 and B's capital = Rs. 60,000 + Rs. 30,000 = Rs. 90,000
- On 30th September, 2011, A withdrew Rs. 40,000. So, A's capital = Rs. 75,000 and B's capital = Rs. 90,000
Step 2: Calculate the total drawings of A and B.
- A drew Rs. 1,000 per month from January to June (6 months) = Rs. 6,000
- A drew Rs. 1,000 on 31st July, Rs. 1,000 on 31st August, and Rs. 1,000 on 30th September = Rs. 3,000
- Total drawings of A = Rs. 9,000
- B drew Rs. 1,000 on 30th June and Rs. 5,000 on 30th September = Rs. 6,000
Step 3: Calculate the effective capital of A and B.
- Effective capital of A = A's capital - A's drawings = Rs. 75,000 - Rs. 9,000 = Rs. 66,000
- Effective capital of B = B's capital - B's drawings = Rs. 90,000 - Rs. 6,000 = Rs. 84,000
Step 4: Calculate the ratio of effective capitals of A and B.
- Ratio of effective capitals of A and B = Effective capital of A : Effective capital of B
= Rs. 66,000 : Rs. 84,000
= 4 : 3
Therefore, the ratio of effective capitals of A and B is
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A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer?
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A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer?.
A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer?.
Solutions for A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA CPT.
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Here you can find the meaning of A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B are partners sharing profits and lossesin the ratio of their effective capital. They hadRs. 1,00,000 and Rs. 60,000 respectively intheir capital accounts as on 1st January, 2011. Aintroduced a further capital of Rs. 10,000 on1st April, 2011 and another Rs. 5,000 on1st July, 2011. On 30th September, 2011. Awithdrew Rs. 40,000. On 1st July, 2011.B introduced further capital of Rs.30,000. The partners drew the followingamount anticipation of profit. Adrew Rs. 1,000 per month at the end of each month beginningfrom January, 2011. Bdrew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September.Calculate the ratio of effective capitals?a)1:1b)5:3c)2:3d)4:3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA CPT tests.
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