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Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? 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 no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? 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 no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Question no.’s 37 and 38 are based on the hypothetical situation given below :Rajiv, Poonam and Abhishek are partners sharing profits in the ratio of 3 : 2 : 1 respectively. From 1st January, 2019 they decided to share profits in the ratio of 1 : 3 : 2. The partnership deed providesthat in the event of any change in profit sharing ratio, the goodwill should be valued at three years purchase of average of five years’ profits. The profits and losses of the preceding five years are:2014 : 1,20,000 2015 : 3,00,0002016 : 3,40,000 2017 : 3,80,0002018 : 1,40,000 (Loss)What is the amount of goodwill to be compensated by the gaining partners?a)1,00,000 eachb) 1,20,000 and 80,000c)1,50,000 and 1,00,000d)80,000 eachCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 12 tests.