CA Foundation Exam > CA Foundation Questions > C was admitted in a firm with 1/4th share of ...
Start Learning for Free
C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:
- a)Rs. 27,000 and Rs. 16,000 for A and B respectively
- b)Rs. 27,000 and Rs. 18,000 for A and B respectively
- c)Rs. 32.000 and Rs. 21,000 for A and B respectively
- d)Rs. 31,000 and Rs. 26,000 for A and B respectively
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
C was admitted in a firm with 1/4th share of the profits of the firm. ...
's capital into account.
Let the required capital of A be x.
Then the required capital of B will be (2/3)x (as their profit sharing ratio is 3:2)
Total profit sharing ratio = 3 + 2 + 1 = 6
Given, C has 1/4th share in profits.
So, (1/4)th share = 1/6 of the total profit sharing ratio
=> 1/4 = (1/6) x 1
=> 1 = 6/4 = 3/2
Now, C's capital = Rs. 15,000
So, total capital = C's capital / (C's share in profit)
= 15000 / (1/4) = Rs. 60,000
Total capital = A's capital + B's capital + C's capital
=> x + (2/3)x + 15000 = 60000
=> (5/3)x = 45000
=> x = 27,000
Therefore, the required capital of A is Rs. 27,000 and the required capital of B is (2/3) x 27,000 = Rs. 18,000.
Let the required capital of A be x.
Then the required capital of B will be (2/3)x (as their profit sharing ratio is 3:2)
Total profit sharing ratio = 3 + 2 + 1 = 6
Given, C has 1/4th share in profits.
So, (1/4)th share = 1/6 of the total profit sharing ratio
=> 1/4 = (1/6) x 1
=> 1 = 6/4 = 3/2
Now, C's capital = Rs. 15,000
So, total capital = C's capital / (C's share in profit)
= 15000 / (1/4) = Rs. 60,000
Total capital = A's capital + B's capital + C's capital
=> x + (2/3)x + 15000 = 60000
=> (5/3)x = 45000
=> x = 27,000
Therefore, the required capital of A is Rs. 27,000 and the required capital of B is (2/3) x 27,000 = Rs. 18,000.
Free Test
FREE
| Start Free Test |
Community Answer
C was admitted in a firm with 1/4th share of the profits of the firm. ...
Taking c's capital as base we get,
total capital as 15000×4 = 60000
As NPS ration we get 9:6:5
hences capital of
A= 9/20of 60000 = 27000
B=6/20 of 60000 = 18000
c= 5/20of 60000 = 15000
total capital as 15000×4 = 60000
As NPS ration we get 9:6:5
hences capital of
A= 9/20of 60000 = 27000
B=6/20 of 60000 = 18000
c= 5/20of 60000 = 15000
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer?
Question Description
C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect 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 C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect 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 C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer?.
C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect 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 C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect 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 C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer?.
Solutions for C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect 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 C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice C was admitted in a firm with 1/4th share of the profits of the firm. C contributes Rs. 15,000 as his capital, A and B are other partners with the profit sharing ratio as 3:2. Find the required capital of A and B, if capital should be in profit sharing ratio taking C’s as base capital:a)Rs. 27,000 and Rs. 16,000 for A and B respectivelyb)Rs. 27,000 and Rs. 18,000 for A and B respectivelyc)Rs. 32.000 and Rs. 21,000 for A and B respectivelyd)Rs. 31,000 and Rs. 26,000 for A and B respectivelyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup