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They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? 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 They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)?.

Solutions for They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? defined & explained in the simplest way possible. Besides giving the explanation of They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)?, a detailed solution for They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? has been provided alongside types of They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? theory, EduRev gives you an ample number of questions to practice They agreed to take R into Partnership on 1st April, 2024 on the following terms: Goodwill is to be valued at ₹2,00,000. R is unable to bring cash for his share of goodwill. So, it was decided that due credit for goodwill be given to P and Q for their sacrifice in favour of R through R's current account.(ii) R pays ₹ 1,40,000 as his capital for 1/5th share in the future profits.iii) Stock and Furniture to be reduced by 10%.( (iv) A provision @ 5% for doubtful debts to be created on debtors.(v) Land and building to be appreciated by 20%.(vi) Capital Accounts of the partners be readjusted on the basis of their profit sharing arrangement and any excess or deficiency is to be transferred to their Current Accounts.Prepare Revaluation Account and Partners Capital Accounts. (10 Marks)? tests, examples and also practice CA Foundation tests.