plz solve this cpt problem

CPT 2485 views 19 replies

1. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the new profit sharing ratio

 
a. 13:11 
b. 17:11
c. 31:11
d. 14:21
 
2. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the value of  goodwill shared between A and C
a. Rs. 1850 and Rs. 1950
b. Rs. 1650 and Rs. 1750
c. Rs. 2000 and 1600
d. Rs. 1950 and 1650
 
Answer given
1. a
2 .
It is given in inst materialpg 8.93 and sum num 2

Replies (19)

 

                                                                  A                             B                               C
Old profit sharing ratio           4/9                                 3/9                             2/9
New profit sharing ratio= New-old                                                   
                                                   5/8-4/9                                         3/8-2/9     
                                              =   13/72                                       11/72
    A:B=                                                                 OR 13:11

The word is "of B" and not "after B".... therefore the answer is 47:25 ...........    for the first qestion

and for the senond the answer is 2250:1350.

 

@ vikas kumar gupta

I am not getting you ...that how can you subtract ratio instead of adding??

this won't work for other problems

 

@ rakesh

I think the answer would be 26:11 I am getting

@ both can you explain your methods

thanks a lot

A                             B                               C

Old profit sharing ratio           4/9                                 3/9                             2/9
Sacrificing ratio = New-old                                                   
                                                   5/8*3/9                                         3/8*3/9     
                                              =   15/72                                       9/72
new ration    A:B=                                   15/72+4/9 and for b its 9/72+2/9                             
                                                                               OR 47:25

47:25

@ every one

thanks a lot.........

for 1st question

answer is 47:25

bcoz 5:3 is gaining ratio

not new ratio

vikas kumar gupta u r wrong

"new profit sharing ratio= new - old

for 2 question

answer is 2250:1350

U mean to say the answer given in the institute material is not correct.I have noticed this type errors in mathematics also.I have already posted a similar problem "Printing errors in CPT Study Materials".I  already given a mail to institute also.

Why can't our CA Club experts & ICAI members take this matter seriously and correct the problems ASAP.

when i gave cpt .... all goodwill problem in partnership...... were wrongly solved.......

Originally posted by :adula.....
" 1. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the new profit sharing ratio
 
a. 13:11 
b. 17:11
c. 31:11
d. 14:21
 
2. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the value of  goodwill shared between A and C
a. Rs. 1850 and Rs. 1950
b. Rs. 1650 and Rs. 1750
c. Rs. 2000 and 1600
d. Rs. 1950 and 1650
 
Answer given
1. b
2 . 2250 and 1350
It is given in inst materialpg 8.93 and sum num 2
 
"


 

Hi Shobhit,

What do u say. is the answer given 1.b correct. if so, please explain.

the answer is 47:25

Originally posted by :adula.....
" 1. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the new profit sharing ratio
 
a. 13:11 
b. 17:11
c. 31:11
d. 14:21
 
2. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the value of  goodwill shared between A and C
a. Rs. 1850 and Rs. 1950
b. Rs. 1650 and Rs. 1750
c. Rs. 2000 and 1600
d. Rs. 1950 and 1650
 
Answer given
1. a
2 .
It is given in inst materialpg 8.93 and sum num 2
 
"

old profit sharing ratio is 4/9,3/9,2/9
 

and new profit sharing ratio is 5/8 : 3/8

sacrifying ratio=new ratio -old ratio

5/8-4/9=13/72 And 3/8-2/9=11/72 hence ratio =13:11 therefor option "a" is correct

Originally posted by :adula.....
" 1. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the new profit sharing ratio
 
a. 13:11 
b. 17:11
c. 31:11
d. 14:21
 
2. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the value of  goodwill shared between A and C
a. Rs. 1850 and Rs. 1950
b. Rs. 1650 and Rs. 1750
c. Rs. 2000 and 1600
d. Rs. 1950 and 1650
 
Answer given
1. a
2 .
It is given in inst materialpg 8.93 and sum num 2
 
"

old profit sharing ratio is 4/9,3/9,2/9
 

and new profit sharing ratio is 5/8 : 3/8

sacrifying ratio=new ratio -old ratio

5/8-4/9=13/72 And 3/8-2/9=11/72 hence ratio =13:11 therefor option "a" is correct


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