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X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer?.

Solutions for X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? 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 X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice X and Y are partners sharing profits and losses in the ratio of 3:1. They admit Z as a partner who pays Rs. 4,000 a goodwill. The new profits sharing ratio being 2:1:1. The goodwill will be credited toa)Y’s capital A/c by Rs. 4,000b)X’s Capital A/c by Rs. 4,000c)X’s capital A/c by Rs. 3,000 and Y’s capital A/c by Rs. 1,000d)No adjustment will be madeCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.