CA Foundation Exam > CA Foundation Questions > R, J and D are the partners sharing profits i...
Start Learning for Free
R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account
- a)Rs. 6,000
- b)Rs. 27,600
- c)Rs. 82,800
- d)Rs. 27,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
R, J and D are the partners sharing profits in the ratio 7:5:4. D died...
As per the given information, the total profit for the year 2005-2006 was Rs. 24,000, which was earned from 1st April 2005 to 30th June 2006.
Since D died on 30th June 2006, his share in the profit will be calculated only for the period from 1st April 2006 to 30th June 2006.
The total period for the year 2005-2006 is 15 months (1st April 2005 to 30th June 2006).
Therefore, the profit for the period from 1st April 2006 to 30th June 2006 can be calculated as follows:
Profit for the year 2005-2006 = Rs. 24,000
Profit for 3 months (1st April 2006 to 30th June 2006) = (Profit for the year 2005-2006)/15 x 3
= (24000)/15 x 3
= Rs. 4,800
Now, the total profit for the period from 1st April 2006 to 30th June 2006 is Rs. 4,800.
The ratio of profit sharing between R, J and D is 7:5:4.
Therefore, D's share in the profit for the period from 1st April 2006 to 30th June 2006 can be calculated as follows:
D's share = (4/16) x 4800
= Rs. 1,200
Therefore, D's share in profit for the period from 1st April 2006 to 30th June 2006 will be Rs. 1,200.
Since D died on 30th June 2006, his share in the profit will be calculated only for the period from 1st April 2006 to 30th June 2006.
The total period for the year 2005-2006 is 15 months (1st April 2005 to 30th June 2006).
Therefore, the profit for the period from 1st April 2006 to 30th June 2006 can be calculated as follows:
Profit for the year 2005-2006 = Rs. 24,000
Profit for 3 months (1st April 2006 to 30th June 2006) = (Profit for the year 2005-2006)/15 x 3
= (24000)/15 x 3
= Rs. 4,800
Now, the total profit for the period from 1st April 2006 to 30th June 2006 is Rs. 4,800.
The ratio of profit sharing between R, J and D is 7:5:4.
Therefore, D's share in the profit for the period from 1st April 2006 to 30th June 2006 can be calculated as follows:
D's share = (4/16) x 4800
= Rs. 1,200
Therefore, D's share in profit for the period from 1st April 2006 to 30th June 2006 will be Rs. 1,200.
Free Test
FREE
| Start Free Test |
Community Answer
R, J and D are the partners sharing profits in the ratio 7:5:4. D died...
B
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer?
Question Description
R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct 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 R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct 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 R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer?.
R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct 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 R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct 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 R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct 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 R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice R, J and D are the partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the accounting year 2005-2006 were Rs. 24,000. How much share in profit for the period 1st April 2006 to 30th June 2006 will be credited to D’s Accounta)Rs. 6,000b)Rs. 27,600c)Rs. 82,800d)Rs. 27,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup