Question Description
P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer?.

Solutions for P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice P, Q and R are partner’s in firm sharing profits in the ratio of 3 : 2 : 1. R retires and the balance in his capital account after making necessary adjustments on accounts of reserve and surplus, revaluation of assets and reassessment of liabilities works out of be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. It implies that Rs. 15,000 is:a)R’s salary for the time periodb)R’s loanc)R’s share of Goodwilld)R’s share of ProfitCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.