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B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?
- a)Rs. 3,000
- b)Rs. 750
- c)Nil
- d)Rs. 1,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30t...
Since D died on 30th June 2006, his share in profits will be calculated for the period from 1st April 2006 to 30th June 2006.
First, we need to calculate the total profits for the year 2005-2006. Let's assume that the profits for the year were divided equally among the partners for simplicity. Then, each partner's share of the profits would be:
B's share = (7/16) x Rs. 12,000 = Rs. 5,250
C's share = (5/16) x Rs. 12,000 = Rs. 3,750
D's share = (4/16) x Rs. 12,000 = Rs. 3,000
Now, we need to calculate the profits for the period from 1st April 2006 to 30th June 2006. Let's assume that the profits for this period were also divided equally among the partners. Then, each partner's share of the profits would be:
B's share = (7/12) x (1/4) x profits for the year = (7/12) x (1/4) x Rs. 12,000 = Rs. 1,225
C's share = (5/12) x (1/4) x profits for the year = (5/12) x (1/4) x Rs. 12,000 = Rs. 875
D's share = (4/12) x (1/4) x profits for the year = (1/3) x Rs. 3,000 = Rs. 1,000
Therefore, D's share in profits for the period 1st April 2006 to 30th June 2006 will be Rs. 1,000.
First, we need to calculate the total profits for the year 2005-2006. Let's assume that the profits for the year were divided equally among the partners for simplicity. Then, each partner's share of the profits would be:
B's share = (7/16) x Rs. 12,000 = Rs. 5,250
C's share = (5/16) x Rs. 12,000 = Rs. 3,750
D's share = (4/16) x Rs. 12,000 = Rs. 3,000
Now, we need to calculate the profits for the period from 1st April 2006 to 30th June 2006. Let's assume that the profits for this period were also divided equally among the partners. Then, each partner's share of the profits would be:
B's share = (7/12) x (1/4) x profits for the year = (7/12) x (1/4) x Rs. 12,000 = Rs. 1,225
C's share = (5/12) x (1/4) x profits for the year = (5/12) x (1/4) x Rs. 12,000 = Rs. 875
D's share = (4/12) x (1/4) x profits for the year = (1/3) x Rs. 3,000 = Rs. 1,000
Therefore, D's share in profits for the period 1st April 2006 to 30th June 2006 will be Rs. 1,000.
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B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30t...
12000*4/16*3/12=750
This is to be considered only if it is to be given that profit share till date of death is to be given on the basis of LAST YEAR'S PROFIT.
This is to be considered only if it is to be given that profit share till date of death is to be given on the basis of LAST YEAR'S PROFIT.
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B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct answer is option 'B'. Can you explain this answer?
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B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct 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 B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct 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 B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct answer is option 'B'. Can you explain this answer?.
B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct 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 B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct 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 B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice B, C, D are partners sharing profits in the ratio 7:5:4. D died on 30th June 2006 and profits for the year 2005-2006 were Rs. 12,000. How much share in profits for the period 1st April 2006 to 30th June 2006 will be credited to D’s Account?a)Rs. 3,000b)Rs. 750c)Nild)Rs. 1,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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