Cpt account
This query is : Resolved
13 June 2015
A and B sharing 2/3rd. of profits of the firm and C and D are sharing in the ratio of 3:2. find the ratio of A:B:C:D.
14 June 2015
A & B are share 2/3rd means they share it equally and the remaining 1/3rd is shared by C & D in 3:2.
A = 2/3 x 1/2 = 1/3
B = 2/3 x 1/2 = 1/3
C = 1/3 x 3/5 = 1/5
D = 1/3 x 2/5 = 2/15
Converting to common denominator which is LCM
we have
A = 1/3 x 5/5 = 5/15
B = 1/3 x 5/5 = 5/15
C = 1/5 X 3/3 = 3/15
D = 2/15
Profit sharing ratio is 5:5:3:2
A = 2/3 x 1/2 = 1/3
B = 2/3 x 1/2 = 1/3
C = 1/3 x 3/5 = 1/5
D = 1/3 x 2/5 = 2/15
Converting to common denominator which is LCM
we have
A = 1/3 x 5/5 = 5/15
B = 1/3 x 5/5 = 5/15
C = 1/5 X 3/3 = 3/15
D = 2/15
Profit sharing ratio is 5:5:3:2
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Banking Related Issue
- Difff in ais receipts and gst turnover
- ITR-Capital Gain
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
