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Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Balances of Ram, Hari & Mohan sharing profits and losses in the ratio 2:3:2 stood as follows: Capital Account: Ram Rs. 10,00,000; Hari Rs. 15,00,000; Mohan Rs. 10,00,000 Joint Life Policy Rs. 3,50,000. Hari desired to retire from the firm and the remaining partners decided to carry on with the future profit sharing ratio of 3:2. Joint Life Policy of the partners surrendered and cash obtained Rs. 3,50,000. What would be the treatment for JLP A/c?a)Rs. 3,50,000 credited to partner’s capital account in new ratiob)Rs. 3,50,000 credited to partner’s capital account in old ratioc)Rs. 3,50,000 credited to partner’s capital account in capital ratiod)Rs. 3,50,000 credited to JLP accountCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.