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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.
- a)Rs. 2,16,000 & Rs. 1,42,000
- b)Rs. 2,44,000 & Rs. 2,16,000
- c)Rs. 3,60,000 & Rs. 3,60,000
- d)Rs. 2,16,000 & Rs. 1,44,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If three partners A, B & C are sharing profits as 5:3:2, then on t...
And C start a business together, the division of profits and losses can be determined based on their ownership shares or as agreed upon in their partnership agreement.
For example, if A owns 40% of the business, B owns 30%, and C owns 30%, the profits and losses can be divided accordingly. If the business makes a profit of $100,000, A would receive $40,000, B would receive $30,000, and C would receive $30,000. Similarly, if the business incurs a loss of $50,000, A would be responsible for $20,000, B would be responsible for $15,000, and C would be responsible for $15,000.
Alternatively, the partners may agree upon a different profit sharing arrangement. They may decide to split the profits and losses equally, regardless of their ownership percentages. In this case, each partner would receive one-third of the profits or would be responsible for one-third of the losses.
It is important for partners to discuss and agree upon the division of profits and losses before starting the business, as this can help avoid conflicts and misunderstandings in the future.
For example, if A owns 40% of the business, B owns 30%, and C owns 30%, the profits and losses can be divided accordingly. If the business makes a profit of $100,000, A would receive $40,000, B would receive $30,000, and C would receive $30,000. Similarly, if the business incurs a loss of $50,000, A would be responsible for $20,000, B would be responsible for $15,000, and C would be responsible for $15,000.
Alternatively, the partners may agree upon a different profit sharing arrangement. They may decide to split the profits and losses equally, regardless of their ownership percentages. In this case, each partner would receive one-third of the profits or would be responsible for one-third of the losses.
It is important for partners to discuss and agree upon the division of profits and losses before starting the business, as this can help avoid conflicts and misunderstandings in the future.
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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer?
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If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer?.
If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A’s executer on account of goodwill. Goodwill is to be calculative on the basis of 2 years purchase of last 3 years average profits. Profits for last three years are: Rs. 3,29,000; Rs. 3,46,000 and Rs. 4,05,000.a)Rs. 2,16,000 & Rs. 1,42,000b)Rs. 2,44,000 & Rs. 2,16,000c)Rs. 3,60,000 & Rs. 3,60,000d)Rs. 2,16,000 & Rs. 1,44,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
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