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A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.
- a)Rs. 1,850 and Rs. 1,950.
- b)Rs. 1,650 and Rs. 1,750.
- c)Rs. 2,000 and Rs. 1,600.
- d)Rs. 1,950 and Rs. 1,650.
Correct answer is option 'A'. Can you explain this answer?
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A, B and C are partners with profits sharing ratio 4:3:2. B retires an...
And C decide to share future profits in the ratio of 5:3, find the new profit sharing ratio of A and C.
Initially, the profit sharing ratio of A, B, and C was 4:3:2. When B retires, his share of the goodwill will be distributed between A and C. Let's calculate the amount of goodwill distributed to A and C.
B's share of goodwill = 3/(4+3+2) * 10,800 = Rs. 3,600
Since A and C will now share in the ratio of 5:3, the total profit sharing ratio will be 5+3=8.
Let X be the new profit sharing ratio of A in the new partnership.
Therefore, C's new profit sharing ratio will be (8 - X).
A's share of goodwill = Rs. 3,600 + X/(X+(8-X)) * 7,200
C's share of goodwill = Rs. 3,600 + (8-X)/(X+(8-X)) * 7,200
According to the question, A's share of goodwill is twice that of C's share of goodwill.
Therefore, we can write the equation as:
Rs. 3,600 + X/(X+8-X) * 7,200 = 2 * [Rs. 3,600 + (8-X)/(X+8-X) * 7,200]
Simplifying the above equation, we get:
X = 6
Therefore, the new profit sharing ratio of A and C will be 6:2 or 3:1.
Initially, the profit sharing ratio of A, B, and C was 4:3:2. When B retires, his share of the goodwill will be distributed between A and C. Let's calculate the amount of goodwill distributed to A and C.
B's share of goodwill = 3/(4+3+2) * 10,800 = Rs. 3,600
Since A and C will now share in the ratio of 5:3, the total profit sharing ratio will be 5+3=8.
Let X be the new profit sharing ratio of A in the new partnership.
Therefore, C's new profit sharing ratio will be (8 - X).
A's share of goodwill = Rs. 3,600 + X/(X+(8-X)) * 7,200
C's share of goodwill = Rs. 3,600 + (8-X)/(X+(8-X)) * 7,200
According to the question, A's share of goodwill is twice that of C's share of goodwill.
Therefore, we can write the equation as:
Rs. 3,600 + X/(X+8-X) * 7,200 = 2 * [Rs. 3,600 + (8-X)/(X+8-X) * 7,200]
Simplifying the above equation, we get:
X = 6
Therefore, the new profit sharing ratio of A and C will be 6:2 or 3:1.
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A, B and C are partners with profits sharing ratio 4:3:2. B retires an...
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A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer?
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A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. 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 A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. 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 A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer?.
A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. 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 A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. 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 A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer?.
Solutions for A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A, B and C are partners with profits sharing ratio 4:3:2. B retires and Goodwill Rs. 10,800 was shown in books of account. If A & C shares profits of B in 5:3, then find the value of goodwill shared between A and C.a)Rs. 1,850 and Rs. 1,950.b)Rs. 1,650 and Rs. 1,750.c)Rs. 2,000 and Rs. 1,600.d)Rs. 1,950 and Rs. 1,650.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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