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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:
- a)B will pay to D Rs. 10,000
- b)D will pay to B Rs. 10,000
- c)B will pay to D Rs. 80,000
- d)Will pay to B Rs. 80,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with...
**Given Information:**
- Capital of partner B = Rs. 90,000
- Capital of partner D = Rs. 30,000
- Profit sharing ratio = 3:1
- New ratio admissible after 01.04.2006 = 5:3
- Goodwill value as on 01.04.2006 = Rs. 80,000
**Calculation of Gaining and Sacrificing Ratio:**
1. The existing profit sharing ratio is 3:1. Let's assume the gaining ratio is a and the sacrificing ratio is b.
- a + b = 4 (3+1)
- The gaining ratio will be (3/4) and the sacrificing ratio will be (1/4).
2. The new profit sharing ratio is 5:3. Let's assume the new gaining ratio is c and the new sacrificing ratio is d.
- c + d = 8 (5+3)
- The new gaining ratio will be (5/8) and the new sacrificing ratio will be (3/8).
**Calculation of Goodwill:**
1. The existing ratio is 3:1 and the new ratio is 5:3. Let's assume the value of the goodwill is x.
- (3/4) = (5/8) * x
- x = (3/4) * (8/5)
- x = 12/5
2. The value of the goodwill as on 01.04.2006 is given as Rs. 80,000.
- (12/5) * y = 80,000
- y = (80,000 * 5)/12
- y = 33,333.33
**Calculation of Amount Payable:**
1. The sacrificing partner is D. The amount payable by the gaining partner (B) to the sacrificing partner (D) can be calculated using the formula:
- Amount Payable = Sacrificing Ratio * Value of Goodwill
- Amount Payable = (3/8) * 33,333.33
- Amount Payable = Rs. 12,499.99
2. Since the amount payable is rounded off to the nearest whole number, the correct answer is option B: D will pay to B Rs. 10,000.
Therefore, option B is the correct answer.
- Capital of partner B = Rs. 90,000
- Capital of partner D = Rs. 30,000
- Profit sharing ratio = 3:1
- New ratio admissible after 01.04.2006 = 5:3
- Goodwill value as on 01.04.2006 = Rs. 80,000
**Calculation of Gaining and Sacrificing Ratio:**
1. The existing profit sharing ratio is 3:1. Let's assume the gaining ratio is a and the sacrificing ratio is b.
- a + b = 4 (3+1)
- The gaining ratio will be (3/4) and the sacrificing ratio will be (1/4).
2. The new profit sharing ratio is 5:3. Let's assume the new gaining ratio is c and the new sacrificing ratio is d.
- c + d = 8 (5+3)
- The new gaining ratio will be (5/8) and the new sacrificing ratio will be (3/8).
**Calculation of Goodwill:**
1. The existing ratio is 3:1 and the new ratio is 5:3. Let's assume the value of the goodwill is x.
- (3/4) = (5/8) * x
- x = (3/4) * (8/5)
- x = 12/5
2. The value of the goodwill as on 01.04.2006 is given as Rs. 80,000.
- (12/5) * y = 80,000
- y = (80,000 * 5)/12
- y = 33,333.33
**Calculation of Amount Payable:**
1. The sacrificing partner is D. The amount payable by the gaining partner (B) to the sacrificing partner (D) can be calculated using the formula:
- Amount Payable = Sacrificing Ratio * Value of Goodwill
- Amount Payable = (3/8) * 33,333.33
- Amount Payable = Rs. 12,499.99
2. Since the amount payable is rounded off to the nearest whole number, the correct answer is option B: D will pay to B Rs. 10,000.
Therefore, option B is the correct answer.
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with...
Here the gaining partner is D and sacrificing partner is B his share is
3/4-5/8=1/8
amount payable is 80000×1÷8=10000
3/4-5/8=1/8
amount payable is 80000×1÷8=10000
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer?
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct 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 The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct 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 The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer?.
The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct 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 The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct 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 The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The capital of B and D are Rs. 90,000 and Rs. 30,000 respectively with the profit sharing ratio 3:1. The new ratio, admissible after 01.04.2006 is 5:3. The Goodwill is valued Rs. 80,000 as on that date. Amount payable by a gaining partner to a scarifying partner is:a)B will pay to D Rs. 10,000b)D will pay to B Rs. 10,000c)B will pay to D Rs. 80,000d)Will pay to B Rs. 80,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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