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
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plz solve this cpt problem
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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