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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 Shilpa’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 'C'. Can you explain this answer?
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Analyse the case given below and answer the questions that follow :Al...
Analysis:
- 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.
Solution:
- Firstly, we need to calculate the share of Karan in the existing goodwill of ₹60,000.
- Karan's share = (3/10) × ₹60,000 = ₹18,000
- Now, we need to calculate the new value of the firm's goodwill after Karan's retirement.
- The new value of goodwill = ₹2,40,000 - ₹18,000 = ₹2,22,000
- Further, we need to distribute the new value of goodwill in the new profit sharing ratio of 2:3.
- The share of Alia = (2/5) × ₹2,22,000 = ₹88,800
- The share of Shilpa = (3/5) × ₹2,22,000 = ₹1,33,200
- Shilpa's new share (₹1,33,200) - old share (₹20,000) = ₹1,13,200
- The gaining ratio of Shilpa = ₹1,13,200/₹30,000 = 4/10 or 2/5
Answer:
- Shilpa's gaining ratio is 4/10 or 2/5, which is option 'C'.
- 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.
Solution:
- Firstly, we need to calculate the share of Karan in the existing goodwill of ₹60,000.
- Karan's share = (3/10) × ₹60,000 = ₹18,000
- Now, we need to calculate the new value of the firm's goodwill after Karan's retirement.
- The new value of goodwill = ₹2,40,000 - ₹18,000 = ₹2,22,000
- Further, we need to distribute the new value of goodwill in the new profit sharing ratio of 2:3.
- The share of Alia = (2/5) × ₹2,22,000 = ₹88,800
- The share of Shilpa = (3/5) × ₹2,22,000 = ₹1,33,200
- Shilpa's new share (₹1,33,200) - old share (₹20,000) = ₹1,13,200
- The gaining ratio of Shilpa = ₹1,13,200/₹30,000 = 4/10 or 2/5
Answer:
- Shilpa's gaining ratio is 4/10 or 2/5, which is option 'C'.
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Community Answer
Analyse the case given below and answer the questions that follow :Al...
Shilpa = 3 / 5 - 2 / 10 = 4 / 10 (Gain)
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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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. Can you explain this answer?
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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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. 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 Shilpa’s gaining or sacrificing ratio:a)1 /10 Gainb)1 /10 Sacrificec)4 /10 Gaind)4 / 10 SacrificeCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
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