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A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above?
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A, B and C are in partnership with no partnership deed. A brought Rs.8...
Calculation of Profit Sharing Ratio



  • Total capital brought by A, B and C = Rs. 80,000 + Rs. 60,000 + Rs. 40,000 = Rs. 1,80,000

  • A's capital contribution = Rs. 80,000, which is 44.44% of the total capital

  • B's capital contribution = Rs. 60,000, which is 33.33% of the total capital

  • C's capital contribution = Rs. 40,000, which is 22.22% of the total capital

  • Since there is no partnership deed, the partners will share profits equally

  • Total profit for the year = Rs. 1,50,000

  • Each partner's share in profit = Rs. 50,000



Therefore, the answer is (b) Rs. 50,000: Rs. 50,000: Rs. 50,000.
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A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above?
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A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? 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 in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? 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 in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above?.
Solutions for A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? 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 in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above?, a detailed solution for A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? has been provided alongside types of A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? theory, EduRev gives you an ample number of questions to practice A, B and C are in partnership with no partnership deed. A brought Rs.80,000, B Rs.60,000 and C Rs.40,000 as capital. A does not take part in day to day activities, Bacts as general manger and C acts as a sales manager. The profit during the year was Rs. 1,50,000. The share of each partner in profit will respectively be (a) Rs.66,667: Rs.50,000: Rs.33,333 (b) Rs.50,000: Rs.50,000: Rs.50,000 (c) Nil: Rs. 75,000: Rs.75,000 (d) None of the above? tests, examples and also practice CA Foundation tests.
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