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A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. 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 A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. 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 A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer?.

Solutions for A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. 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 A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A, B and C were partner’s in a firm sharing profit and losses in the Ratio of 5 : 3 : 2. They admitted D into partnership for 1/5 share of profit which he take equally from A and B. D brought sufficient amount of goodwill in cash Capital brought in by is Rs. 50,000. On the date of admission the Balance Sheet of A, B and C was as follows:Goodwill is to be valued at 3 years purchase of average profit of last 4 years which were Rs. 60,000 (2017-18),Rs. 60,000 (18-19), Rs. 30,000 (19-20). On revaluation it was found that all debtors are good.Q. What would be the effect of the line “All Debtors are good.”a)Provision for Doubtful Debt is Debited to old partner Capital A/cb)Provision for Doubtful Debt is Debited to Revaluation Accountc)Provision for Doubtful Debt is Credited to old partner’s Capital A/cd)Provision for Doubtful Debt is Credited to Revaluation AccountCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.