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A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000?
Most Upvoted Answer
A, B and C were partners in a firm sharing profits and losses in the r...
Capital of b = 70000
part of reserve = 10000
part in goodwill = 12000
share in profit = 3000
total amt. payable to b = 95000
Community Answer
A, B and C were partners in a firm sharing profits and losses in the r...
Calculation of B's share:
1. B's share in the capital: B's capital balance / Total capital balance = ₹70000 / (₹50000 + ₹70000 + ₹35000) = 7/20
2. B's share in the goodwill: Goodwill value * B's share in the capital = ₹30000 * (7/20) = ₹10500
3. B's share in the profit on revaluation: Profit on revaluation * B's share in the capital = ₹7500 * (7/20) = ₹2625

Calculation of B's settlement:
1. B's share in the reserve: Reserve balance * B's share in the capital = ₹25000 * (7/20) = ₹8750
2. B's share in the total settlement amount: B's share in the capital + B's share in the goodwill + B's share in the profit on revaluation + B's share in the reserve = (7/20) + ₹10500 + ₹2625 + ₹8750 = ₹70820

Therefore, the amount payable to B is ₹70820. The correct option is (A) ₹70820.
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A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000?
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A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000?.
Solutions for A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000?, a detailed solution for A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? has been provided alongside types of A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? theory, EduRev gives you an ample number of questions to practice A, B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1. The capital balance are ₹50000 for A, ₹70000forB, ₹35000 for C. B decided to retire from the firm and balance in reserve on the date was ₹25000. If the goodwill of the firm was valued at ₹30000 and profit on revalution was₹7500 then, what amount will be payable to B? (A) ₹70820 (B) ₹76000 (C) ₹75000 (D) ₹95000? tests, examples and also practice Commerce tests.
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