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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...
Alia's Gaining or Sacrificing Ratio:
Alia's gaining or sacrificing ratio is determined by comparing her old profit sharing ratio with the new profit sharing ratio after Karan's retirement.
Old Profit Sharing Ratio:
- Alia : Karan : Shilpa = 5 : 3 : 2
New Profit Sharing Ratio:
- Alia : Shilpa = 2 : 3
Calculating Alia's Gaining or Sacrificing Ratio:
- Alia's old share = 5/10 (5 out of 10 parts)
- Alia's new share = 2/5 (2 out of 5 parts)
- Gaining or sacrificing ratio = Old share - New share
- = 5/10 - 2/5
- = 1/10
Therefore, Alia's gaining or sacrificing ratio is 1/10, which means she is sacrificing 1 part out of 10 parts in the new profit sharing ratio. This indicates that Alia is sacrificing in the firm's profit sharing arrangement after Karan's retirement.
Alia's gaining or sacrificing ratio is determined by comparing her old profit sharing ratio with the new profit sharing ratio after Karan's retirement.
Old Profit Sharing Ratio:
- Alia : Karan : Shilpa = 5 : 3 : 2
New Profit Sharing Ratio:
- Alia : Shilpa = 2 : 3
Calculating Alia's Gaining or Sacrificing Ratio:
- Alia's old share = 5/10 (5 out of 10 parts)
- Alia's new share = 2/5 (2 out of 5 parts)
- Gaining or sacrificing ratio = Old share - New share
- = 5/10 - 2/5
- = 1/10
Therefore, Alia's gaining or sacrificing ratio is 1/10, which means she is sacrificing 1 part out of 10 parts in the new profit sharing ratio. This indicates that Alia is sacrificing in the firm's profit sharing arrangement after Karan's retirement.
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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?
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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? 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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