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A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps?
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A and B are partners sharing profits and losses in the ratio of 3:2 (A...
C's share=1\5remaining share=4/5total capital of a and b=450004/5 share for 45000then 5/4 share=56250 which is the total capital of the firm.Now C's share=1/5 of 56250 =Rs.11250
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A and B are partners sharing profits and losses in the ratio of 3:2 (A...
Calculation of Profit Sharing Ratio:
To determine the profit sharing ratio, we need to calculate the total capital of A and B.
Total capital = A's capital + B's capital
Total capital = RS 30000 + RS 15000
Total capital = RS 45000
The profit sharing ratio of A and B is given as 3:2. This means that A will receive 3 parts of the profit and B will receive 2 parts of the profit.
Calculation of C's Share:
It is given that C will receive 1/5th of the share of profit. Let's calculate C's share.
Total parts = 3 + 2
Total parts = 5
C's share = (1/5) * Total parts
C's share = (1/5) * 5
C's share = 1 part
This means that C will receive 1 part of the profit.
Calculation of C's Capital:
To determine the capital that C should bring, we need to find the value of 1 part of the profit. Since the profit sharing ratio of A and B is 3:2, the value of 1 part can be calculated as follows:
Value of 1 part = Total capital / Total parts
Value of 1 part = RS 45000 / 5
Value of 1 part = RS 9000
Now, we can calculate the capital that C should bring by multiplying the value of 1 part by the profit sharing ratio of C:
C's capital = C's share * Value of 1 part
C's capital = 1 * RS 9000
C's capital = RS 9000
Therefore, C should bring RS 9000 towards his capital.
To determine the profit sharing ratio, we need to calculate the total capital of A and B.
Total capital = A's capital + B's capital
Total capital = RS 30000 + RS 15000
Total capital = RS 45000
The profit sharing ratio of A and B is given as 3:2. This means that A will receive 3 parts of the profit and B will receive 2 parts of the profit.
Calculation of C's Share:
It is given that C will receive 1/5th of the share of profit. Let's calculate C's share.
Total parts = 3 + 2
Total parts = 5
C's share = (1/5) * Total parts
C's share = (1/5) * 5
C's share = 1 part
This means that C will receive 1 part of the profit.
Calculation of C's Capital:
To determine the capital that C should bring, we need to find the value of 1 part of the profit. Since the profit sharing ratio of A and B is 3:2, the value of 1 part can be calculated as follows:
Value of 1 part = Total capital / Total parts
Value of 1 part = RS 45000 / 5
Value of 1 part = RS 9000
Now, we can calculate the capital that C should bring by multiplying the value of 1 part by the profit sharing ratio of C:
C's capital = C's share * Value of 1 part
C's capital = 1 * RS 9000
C's capital = RS 9000
Therefore, C should bring RS 9000 towards his capital.
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A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps?
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A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? 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 A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps?.
A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? 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 A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps?.
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A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps?, a detailed solution for A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? has been provided alongside types of A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is RS 30000, B's capital is RS 15000) . They admitted C and agreed to give 1/5 th of the share of profit to him. How much capital C should bring towards his capital. please guys do show the steps? theory, EduRev gives you an
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