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A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. 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 A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer?.

Solutions for A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A, B, and C were partners in a firm sharing profits and losses in the ratio of 2:2:1, respectively, with capital balances of Rs. 50,000 for A and B, and Rs. 25,000 for C. B declared to retire from the firm, and the balance in reserve on that date was Rs. 15,000. If the goodwill of the firm was valued at Rs. 30,000 and the profit on revaluation was Rs. 7,050, what amount will be transferred to the loan account of B?a)Rs. 50,820b)Rs. 70,820c)Rs. 25,820d)Rs. 58,820Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.