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P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ?
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P and Q share profits in the ratio 3:2 ND their respective capitals ar...
Who is A and if you have written wrong then amt which will be given to P and Q in form of goodwill is P 72000 Q 48000
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P and Q share profits in the ratio 3:2 ND their respective capitals ar...
Calculation of amount refunded to A:
- Initial Profit Sharing:
- Initial profit sharing ratio between P and Q = 3:2
- P's capital = $120,000
- Q's capital = $54,000
- Total capital = $120,000 + $54,000 = $174,000
- P's share of profit = $\frac{3}{5} \times \frac{120,000}{174,000}$
- Q's share of profit = $\frac{2}{5} \times \frac{54,000}{174,000}$
- New Profit Sharing:
- After C is admitted for 1/5th share, the new total share = 1 + 1/5 = 6/5
- C's capital = $120,000
- C's share of profit = $\frac{1}{5} \times \frac{120,000}{174,000}$
- Amount to be Refunded to A:
- A's initial share of profit = P's share of profit
- A's new share of profit = A's initial share + C's share
- Amount to be refunded to A = A's new share - A's initial share
By following the above calculations, you can determine the amount that needs to be refunded to A after C is admitted with his capital and share of profit.
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P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ?
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P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ?.
P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P and Q share profits in the ratio 3:2 ND their respective capitals are 120000 and 54000. C is admitted for 1/5th share and brings 120000 as his capital. Calculate amount refunded to A ?.
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