Question Description
A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect 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 A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect 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 A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer?.

Solutions for A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect 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 A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A, B and C are the partners sharing profits and losses in the ratio 2:1:1. Firm has a joint life policy of Rs. 1,20,000 and in the balance sheet it is appearing at the surrender value i.e. Rs. 20,000. On the death of A, how this JLP will be shared among the partners.a)50,000:25,000:25,000b)60,000:30,000:30,000c)40,000:35,000:25,000d)Whole of Rs. 1,20,000 will be paid to ACorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.