A, B and C are partners sharing profits in the ratio of 1 / 4: 3 / 10: 9 / 20. What will be the new ratio on the retirement of C? Post category:Accountancy Reading time:1 mins read SOLUTION 5: 6 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostX, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. Next PostA, B and C are partners sharing profits in the ratio of 5: 2: 1. If the new ratio on the retirement of C is 5: 2, what will be the gaining ratio? You Might Also Like State any two reasons for the preparation of ‘Revaluation Account’ in case of admission of a Partner? (CBSE Sample Paper 2018) October 8, 2022 A, B and C are in partnership sharing profits and losses in the ratio of 5 : 4 : 1 respectively. Two new partners D and E are admitted. The profits are now to be shared in the ratio of 3 : 4 : 2 : 2 : 1 respectively. D is to pay Rs. 90,000 for his share of Goodwill but E has insufficient cash to pay for Goodwill. Both the new partners introduced Rs. 1,20,000 each as their capital. You are required to pass necessary Journal entries. August 1, 2022 Mention the net amount of ‘Source’ or ‘Use’ of cash when a fixed asset (having book value of Rs. 15,000) is sold at a loss of Rs. 5,000. October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any two reasons for the preparation of ‘Revaluation Account’ in case of admission of a Partner? (CBSE Sample Paper 2018) October 8, 2022
A, B and C are in partnership sharing profits and losses in the ratio of 5 : 4 : 1 respectively. Two new partners D and E are admitted. The profits are now to be shared in the ratio of 3 : 4 : 2 : 2 : 1 respectively. D is to pay Rs. 90,000 for his share of Goodwill but E has insufficient cash to pay for Goodwill. Both the new partners introduced Rs. 1,20,000 each as their capital. You are required to pass necessary Journal entries. August 1, 2022
Mention the net amount of ‘Source’ or ‘Use’ of cash when a fixed asset (having book value of Rs. 15,000) is sold at a loss of Rs. 5,000. October 6, 2022
