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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :
- a)Rs. 20,000 and Rs. 10,000
- b)Rs. 8,000 and Rs. 4,000
- c)No contribution
- d)Rs. 15,000 and Rs. 15,000
Correct answer is option 'B'. Can you explain this answer?
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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retir...
To find B and C's contribution let us first find A's share of goodwill ie 30000×2/5=12000. The gaining ratio between B and C is 2:1.B's contribution =2/3×12000 =8000C's contribution =1/3×12000=4000
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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retir...
Yes, correct answer is b.
According to question-
A, B&C are partners in a firm and their profit sharing ratio are2:2:1.
B retired and their share in firm is 2/5.
In the case of B's retirement the value of goodwill is 30000.
So the share of B in goodwill is-
30000×2/5=12000.
Now A&C contribute this amount of his new ratio.
Actually in this no clearance about new sharing ratio.So they contribute this amount of his old ratio. A share= 12000×2/3=8000
and C share=12000×1/3=4000.
According to question-
A, B&C are partners in a firm and their profit sharing ratio are2:2:1.
B retired and their share in firm is 2/5.
In the case of B's retirement the value of goodwill is 30000.
So the share of B in goodwill is-
30000×2/5=12000.
Now A&C contribute this amount of his new ratio.
Actually in this no clearance about new sharing ratio.So they contribute this amount of his old ratio. A share= 12000×2/3=8000
and C share=12000×1/3=4000.
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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer?
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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? 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, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer?.
A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? 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, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer?.
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A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A, B C are partners sharing profits in the ratio of 2 : 2: 1. On retirement of B, goodwill was valued as Rs. 30,000. Find the contribution of A and C to compensate B :a) Rs. 20,000 and Rs. 10,000 b) Rs. 8,000 and Rs. 4,000 c) No contribution d) Rs. 15,000 and Rs. 15,000 Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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