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Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,?
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Question 10 Runa and Ria were partners in a firm sharing profits and l...
Calculation of Uday's Share
To calculate Uday's share, we have to first find out the total profit of the firm. Let the total profit be x.
Then, the share of Runa and Ria will be 3x/4 and x/4 respectively.
Uday's share is 3/8 of the total profit, which is 3x/8.
Therefore, we have 3x/8 = 42,000
Solving for x, we get x = 112,000
So, the share of Runa and Ria will be 3/4 of 112,000 and 1/4 of 112,000 respectively, which is 84,000 and 28,000.

Calculation of New Profit Sharing Ratio
The new profit sharing ratio amongst all the partners is given as 3:2:3.
Let the share of Uday be 3y.
Then, the share of Runa and Ria will be 3y/2 each.
So, the total share of Runa and Ria will be 3y/2 + 3y/2 = 3y.
Therefore, we have 3y + 3y + 3y = 84,000 + 61,625 + 25,375
Solving for y, we get y = 25,375

Calculation of Capitals of Runa and Ria
We know that the capital of Runa and Ria after taking into account all the terms of admission were 61,625 and 25,375 respectively.
Let the original capitals of Runa and Ria be x and y respectively.
Then, we have (x+42,000)/(y+42,000) = 3/1 (as the new profit sharing ratio between Runa and Ria is still 3:1)
Solving for x, we get x = 61,625.
Therefore, the capitals of Runa and Ria were 61,625 and 25,375 respectively.
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Question 10 Runa and Ria were partners in a firm sharing profits and l...
Ria debited capital 2625
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Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,?
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Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,?.
Solutions for Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? defined & explained in the simplest way possible. Besides giving the explanation of Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,?, a detailed solution for Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? has been provided alongside types of Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? theory, EduRev gives you an ample number of questions to practice Question 10 Runa and Ria were partners in a firm sharing profits and losses in the ratio of 3:1. On 1 April, 2020, Uday is admitted as a new partner in the firm for 3/8 share in the profits on various terms, one of them being his contribution of 42,000 as capital. The new profit-sharing ratio amongst all the partners to be 3:2:3. The capitals of Runa and Ria, after taking into account all the terms of admission were 61,625 and 25,375,? tests, examples and also practice Class 12 tests.
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