PARTNERSHIP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2010
Dear Sir/Madam
A,B and C share the profit losses in the ratio of 3:2:1. D is admitted. He gets 1/6 in Share entirely from A. New Ratio will be
Ans: 1/3:1/3:1/6:1/6
Please tell how to Calculate
A,B and C share the profit losses in the ratio of 3:2:1. D is admitted. He gets 1/6 in Share entirely from A. New Ratio will be
Ans: 1/3:1/3:1/6:1/6
Please tell how to Calculate
16 October 2010
The answer is correct. It can be calculated in this way.
Suppose the total profit is Rs.6000.
Now as per Old ratio profits are >
A - 3000, B - 2000, C- 1000.
Now D gets 1/6 share in profits i.e 1/6 of 6000 = Rs. 1000.
It is paid entirely by A. SO A's share will remain as 3000 - 1000 = 2000.
So the new sharing profit will be
A- 2000, B- 2000, C-1000, D-1000.
Or The sharing ratio will be
1/3:1/3:1/6:1/6.
Regards
Suppose the total profit is Rs.6000.
Now as per Old ratio profits are >
A - 3000, B - 2000, C- 1000.
Now D gets 1/6 share in profits i.e 1/6 of 6000 = Rs. 1000.
It is paid entirely by A. SO A's share will remain as 3000 - 1000 = 2000.
So the new sharing profit will be
A- 2000, B- 2000, C-1000, D-1000.
Or The sharing ratio will be
1/3:1/3:1/6:1/6.
Regards
Message likes :
1 times
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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Soyabean hsn code and gst rate
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
