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A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? 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 and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. 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 A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer?.

Solutions for A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A and B shares profit and losses equally. They admit C as an equal partner and assets were revalued as follow: Goodwill at Rs. 30,000 (book value NIL). Stock at Rs. 20,000 (book value Rs. 12,000); Machinery at Rs. 60,000 (book value Rs. 55,000). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill account will not remain in the books. Find the profit/loss on revaluation to be shared among A, B and C.a)21,500:21,5000:0b)6,500:6,500:0c)14,333:14,333:14,333d)4,333:4,333:4,333Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.