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A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. 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 and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. 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 and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer?.

Solutions for A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. 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 and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A and B are two partners, dealing in manufacturing steel, sharing profits in the ratio of 2 : 1. They enjoying a buoyant demand of its products as economic growth is about 7% – 8% and the demand for steel is growing. It is planned to set up a new steel plant to encash on the increasing demand. It is estimated that they will require about Rs. 1,00,000. So they admitted, C as a partner.On the date of admission Balance sheet is as follows.Other information: 1. C will bring in Rs. 1,00,000 as capital and Rs. 60,000 as his share of goodwill for 1/4 share in profit.2. Plant is to be appreciated to Rs. 1,20,000 and the value of building is to be appreciated by 10%.3. Stock is found ov erv alued by Rs. 4,000.4. A provision for doubtful debts is to be created at 5% of debtors.5. Creditors were unrecorded to the extant of Rs. 1,000.On the basis of above cash study, answer the following:Q.PA’s share of goodwill brought in by C will be:a)Rs. 20,000b)Rs. 40,000c)Rs. 60,000d)Rs. 30,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.