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Analyse the case given below and answer the questions that follow :
Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:
Q. What is Alia’s gaining or sacrificing ratio:
- a)1 /10 Gain
- b)1 /10 Sacrifice
- c)4 /10 Gain
- d)4 / 10 Sacrifice
Correct answer is option 'B'. Can you explain this answer?
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Analyse the case given below and answer the questions that follow :Al...
Alia = 5 / 10 - 2 / 5 = -1 / 10(Sacrifice)
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Analyse the case given below and answer the questions that follow :Al...
Analysis:
In this case, Alia, Karan, and Shilpa were partners in a firm sharing profits in the ratio of 5:3:2. The goodwill of the firm appeared in their books at the value of ₹60,000. Karan decided to retire from the firm, and on the date of his retirement, the goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio between Alia and Shilpa was decided as 2:3. We need to determine Alia's gaining or sacrificing ratio.
Solution:
To determine Alia's gaining or sacrificing ratio, we need to calculate the change in her profit sharing ratio after Karan's retirement.
Step 1: Calculate the old profit sharing ratio between Alia, Karan, and Shilpa.
- Alia's share = 5
- Karan's share = 3
- Shilpa's share = 2
Step 2: Calculate the new profit sharing ratio between Alia and Shilpa after Karan's retirement.
- Alia's new share = 2
- Shilpa's new share = 3
Step 3: Calculate the change in Alia's profit sharing ratio.
- Alia's gaining or sacrificing ratio = Alia's new share - Alia's old share
- Alia's gaining or sacrificing ratio = 2 - 5
- Alia's gaining or sacrificing ratio = -3
The calculated ratio of -3 indicates that Alia has sacrificed her share in the firm. Therefore, the correct answer is option 'B' - 1/10 Sacrifice.
Conclusion:
Alia has sacrificed her share in the firm after Karan's retirement, as indicated by the negative value of her gaining or sacrificing ratio.
In this case, Alia, Karan, and Shilpa were partners in a firm sharing profits in the ratio of 5:3:2. The goodwill of the firm appeared in their books at the value of ₹60,000. Karan decided to retire from the firm, and on the date of his retirement, the goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio between Alia and Shilpa was decided as 2:3. We need to determine Alia's gaining or sacrificing ratio.
Solution:
To determine Alia's gaining or sacrificing ratio, we need to calculate the change in her profit sharing ratio after Karan's retirement.
Step 1: Calculate the old profit sharing ratio between Alia, Karan, and Shilpa.
- Alia's share = 5
- Karan's share = 3
- Shilpa's share = 2
Step 2: Calculate the new profit sharing ratio between Alia and Shilpa after Karan's retirement.
- Alia's new share = 2
- Shilpa's new share = 3
Step 3: Calculate the change in Alia's profit sharing ratio.
- Alia's gaining or sacrificing ratio = Alia's new share - Alia's old share
- Alia's gaining or sacrificing ratio = 2 - 5
- Alia's gaining or sacrificing ratio = -3
The calculated ratio of -3 indicates that Alia has sacrificed her share in the firm. Therefore, the correct answer is option 'B' - 1/10 Sacrifice.
Conclusion:
Alia has sacrificed her share in the firm after Karan's retirement, as indicated by the negative value of her gaining or sacrificing ratio.
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Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer?
Question Description
Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer?.
Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Analyse the case given below and answer the questions that follow :Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answers to the questions given below:Q. What is Alia’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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