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Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. 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 Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. 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 Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer?.

Solutions for Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. 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 Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Balances of A, B and C sharing profits and losses in proportionate to their capitals, stood as follows: Capital Accounts: A Rs. 2,00,000; B Rs. 3,00,000 and C Rs. 2,00,000. A desired to retire form the firm, B and C share the future profits equally, goodwill of the entire firm be valued at Rs. 1,40,000 and no Goodwill account being raised.a)Credit Partner’s Capital Account with old profit sharing ratio for Rs. 1,40,000b)Credit Partner’s Capital Account with new profit sharing ratio for Rs. 1,40,000c)Credit A’s Account with Rs. 40,000 and debit B’s Capital Account with Rs. 10,000 and C’s Capital Account with Rs. 30,000d)Credit Partner’s Capital Account with gaining ratio for Rs. 1,40,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.