Question Description
Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. 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 Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. 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 Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. 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 Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Radha, Seeta and Laxmi were partners sharing profits and losses in the ratio of 2:3:5. Seeta retired on 1st June, 2013 and Goodwill of the firm is to valued at Rs. 1,20,000 on that date, Goodwill A/c is to be raised. What will be the treatment for goodwill?a)Revaluation account will be credited by Rs. 1,20,000b)Seeta’s Capital A/c will be credited by Rs. 36,000c)All partner’s capital account will be credited by Rs. 1,20,000 in profit sharing ratio.d)None of the above.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.