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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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Most Upvoted Answer
Analyse the case given below and answer the questions that follow :Al...
Understanding the Problem
In this scenario, we have three partners: Alia, Karan, and Shilpa, sharing profits in the ratio of 5:3:2. Karan is retiring, and the goodwill value has significantly increased from ₹60,000 to ₹2,40,000. The new profit-sharing ratio between Alia and Shilpa is set at 2:3.
Calculating the Gaining and Sacrificing Ratios
1. Old Profit Sharing Ratio:
- Alia: 5 parts
- Karan: 3 parts
- Shilpa: 2 parts
2. New Profit Sharing Ratio:
- Alia: 2 parts
- Shilpa: 3 parts
3. Change in Ratios:
- Alia's share decreases from 5/10 to 2/5.
- Shilpa's share increases from 2/10 to 3/5.
4. Calculating Sacrifice:
- Alia's old share = 5/10
- Alia's new share = 2/5 = 4/10
- Sacrifice by Alia = 5/10 - 4/10 = 1/10
5. Calculating Gain:
- Shilpa's old share = 2/10
- Shilpa's new share = 3/5 = 6/10
- Gain by Shilpa = 6/10 - 2/10 = 4/10
Conclusion
Since Shilpa's share increased from 20% to 60%, she gained 4 parts out of the 10 parts previously held by Karan. Therefore, Shilpa’s gaining ratio is 4/10, which confirms that the correct answer is option 'C'.
In this scenario, we have three partners: Alia, Karan, and Shilpa, sharing profits in the ratio of 5:3:2. Karan is retiring, and the goodwill value has significantly increased from ₹60,000 to ₹2,40,000. The new profit-sharing ratio between Alia and Shilpa is set at 2:3.
Calculating the Gaining and Sacrificing Ratios
1. Old Profit Sharing Ratio:
- Alia: 5 parts
- Karan: 3 parts
- Shilpa: 2 parts
2. New Profit Sharing Ratio:
- Alia: 2 parts
- Shilpa: 3 parts
3. Change in Ratios:
- Alia's share decreases from 5/10 to 2/5.
- Shilpa's share increases from 2/10 to 3/5.
4. Calculating Sacrifice:
- Alia's old share = 5/10
- Alia's new share = 2/5 = 4/10
- Sacrifice by Alia = 5/10 - 4/10 = 1/10
5. Calculating Gain:
- Shilpa's old share = 2/10
- Shilpa's new share = 3/5 = 6/10
- Gain by Shilpa = 6/10 - 2/10 = 4/10
Conclusion
Since Shilpa's share increased from 20% to 60%, she gained 4 parts out of the 10 parts previously held by Karan. Therefore, Shilpa’s gaining ratio is 4/10, which confirms that the correct answer 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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