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Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct 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
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the Class 12 exam syllabus. Information about Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct 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 Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer?.
Solutions for Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
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Here you can find the meaning of Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Amit and Anil are partners of a partners of a partnership firm sharing profits in the ratio of 5:3 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5thshare of profit. Machinery would be appreciated by 10% (book value Rs. 80,000) and building would be depreciated by 20% (Rs.2,00,000). Unrecorded debtors of Rs. 1,250 would be brought into books now and a trade payables amounting to Rs.2,750 died and need not to pay anything to its estate. Find the distribution of profit/loss on revaluation between Amit, Anil and Atul.a)Loss- Rs.17,500: Rs.10,500:0b)Loss- Rs.14,000: Rs.8,400: Rs.5,600c)Profits – Rs.17,500: Rs.10,500:0d)Profit – Rs.14,000: Rs.8,400: Rs.5,600Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 12 tests.