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P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. 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 P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. 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 P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer?.

Solutions for P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. 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 P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer?, a detailed solution for P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice P, Q and R were partners sharing profit and losses in the ratio of 2 : 2 : 1 respectively, with the balance of capital Rs. 75,000, Rs. 50,000 and Rs. 25,000 respectively on 1st April 2011. Q decided to retire from the firm on 31st March 2012. On that day the balance in the reserve account was Rs. 12,000. If the goodwill of the firm was valued as Rs. 30,000 and profit on revaluation was Rs. 10,000, then what amount would be transferred to the loan account of Q?a)Rs. 70,800b)Rs. 95,800c)Rs. 60,400d)Rs. 35,400Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.