CA Foundation Exam  >  CA Foundation Questions  >  A and B are partners C is admitted with 1/5th... Start Learning for Free
A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is : 
  • a)
    Rs. 1,00,000
  • b)
    Rs. 4,00,000
  • c)
    Rs. 1,20,000
  • d)
    Rs. 6,00,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,...
Given, A and B are partners and C is admitted with 1/5th share. C brings Rs. 1,20,000 as his share towards capital.

Let's assume the total capital of the firm be x.

A and B have a share of 4/5th in the firm. So, their total capital will be 4/5 x.

C has a share of 1/5th in the firm. So, his capital will be 1/5 x.

Given, C brings Rs. 1,20,000 as his share towards capital.

Therefore, 1/5 x = Rs. 1,20,000.

Solving this equation, we get x = Rs. 6,00,000.

Hence, the total net worth of the firm is Rs. 6,00,000.

Therefore, the correct answer is option 'D' - Rs. 6,00,000.
Free Test
Community Answer
A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,...
1 out of 5 parts = 120000 1/5 = 120000 0.2 = 120000 So, 1 = 120000/0.2 = 600000
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Question Description
A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct 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 A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct 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 A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct answer is option 'D'. 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 are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct 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 C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A and B are partners C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct 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 C is admitted with 1/5th share C brings Rs. 1,20,000 as his share towards capital. The total net worth of the firm is :a)Rs. 1,00,000b)Rs. 4,00,000c)Rs. 1,20,000d)Rs. 6,00,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev