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 A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B. 
  • a)
    Rs. 20,000 and Rs. 10,000
  • b)
    Rs. 8,000 and Rs. 4,000
  • c)
    They will not contribute any thing
  • d)
    Information is insufficient for any comment
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A, B and C are partners sharing profits in the ratio 2:2:1. On retirem...
Actually thr Right answer is option a) Rs 20000 and Rs 10000

Answer Explanation :
So the goodwill of retiring partner ( B ) goodwill is 30000
and the Partners would pay B the money in the following ratio

A = 30000 × 2 / 3 = 20000

C = 30000 × 1 / 3 = 10000

For verification if u add both the values of A and B that is
20000 + 10000 = 30000 it is equal to Retiring partner B goodwill amt

But if u had the values in option B) that is
8000 + 4000 = 12000 then it would not be equal to the goodwill amt of Retiring partner B
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A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B.a)Rs. 20,000 and Rs. 10,000b)Rs. 8,000 and Rs. 4,000c)They will not contribute any thingd)Information is insufficient for any commentCorrect answer is option 'B'. Can you explain this answer?
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A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B.a)Rs. 20,000 and Rs. 10,000b)Rs. 8,000 and Rs. 4,000c)They will not contribute any thingd)Information is insufficient for any commentCorrect 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 A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B.a)Rs. 20,000 and Rs. 10,000b)Rs. 8,000 and Rs. 4,000c)They will not contribute any thingd)Information is insufficient for any commentCorrect 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 A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B.a)Rs. 20,000 and Rs. 10,000b)Rs. 8,000 and Rs. 4,000c)They will not contribute any thingd)Information is insufficient for any commentCorrect answer is option 'B'. Can you explain this answer?.
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