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A,B and C are partners sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.?
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A,B and C are partners sharing profikts in the ratio of 3:2:1.They had...
Calculation of Share of Partners in Joint Life Policy
Given Information:
- Partners: A, B, and C
- Profit Sharing Ratio: 3:2:1
- Joint Life Policy: ₹3,00,000
- Surrender Value of JLP in B/S: ₹90,000
- C dies
Solution:
Calculation of Total Surrender Value
The surrender value of the Joint Life Policy is ₹90,000, which is the share of the partnership firm. Therefore, the total surrender value of the policy is:
Total Surrender Value = Surrender Value in B/S * Profit Sharing Ratio
Total Surrender Value = ₹90,000 * (3+2+1)
Total Surrender Value = ₹5,40,000
Calculation of Share of Each Partner
After the death of partner C, the share of each partner will be:
- A's share = 3/6 * Total Surrender Value
- B's share = 2/6 * Total Surrender Value
- C's share = 1/6 * Total Surrender Value (which will be given to C's legal heirs)
Numerical Calculation
- A's share = 3/6 * ₹5,40,000 = ₹2,70,000
- B's share = 2/6 * ₹5,40,000 = ₹1,80,000
- C's share = 1/6 * ₹5,40,000 = ₹90,000 (to be given to C's legal heirs)
Conclusion:
Therefore, after the death of partner C, A will receive ₹2,70,000, B will receive ₹1,80,000, and C's share of ₹90,000 will be given to his legal heirs.
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A,B and C are partners sharing profikts in the ratio of 3:2:1.They had...
Surrender value =policy value - surrender value =300000-90000 =210000A-210000×3/6=105000B-210000×2/6=70000C-210000×1/6=35000If my answer is wrong plzzz correct me
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A,B and C are partners sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.?
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A,B and C are partners sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.? 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 sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.? 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 sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.?.
A,B and C are partners sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.? 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 sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.? 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 sharing profikts in the ratio of 3:2:1.They had a joint life policy of ₹3,00,000.Surrender value of JLP in B/S is ₹90,000.C dies.what is share of each partners in JLP.?.
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