Read the following hypothetical text and answer the given questions: | ||||||||||||||||||
Raj, Taj and Naz are partners engaged in the business of selling frozen food items sharing profits and losses equally. | ||||||||||||||||||
As there was need of funds to purchase more refrigerators, Raj bought additional capital of? 1,50,000 in the firm. Raj demanded that his share in profit should be increased as he bought additional capital to which rest of the partners agreed From 1st April, 2019, they decided to share profits in the ratio of 2 : 1 : 1, At the time of reconstitution, the following assets and liabilities are revalued and reassessed: | ||||||||||||||||||
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Gaining/Sacrificing share of Raj, Taj and Naz will be: |
A) Raj sacrifice =\[\frac{1}{12}\], Taj sacrifice =\[\frac{1}{12}\]. Naz gain =\[\frac{1}{6}\]
B) Raj gain =\[\frac{1}{6}\], Taj sacrifice =\[\frac{1}{12}\], Naz sacrifice =\[\frac{1}{12}\]
C) Raj gain =\[\frac{1}{12}\], Taj gain =\[\frac{1}{12}\], Naz sacrifice =\[\frac{1}{6}\]
D) Raj sacrifice = \[\frac{1}{6}\] , Taj gain = \[\frac{1}{12}\], Naz gain = \[\frac{1}{12}\]
Correct Answer: B
Solution :
[b] Raj gain = \[\frac{1}{6}\], Taj sacrifice = \[\frac{1}{12}\], Naz sacrifice = \[\frac{1}{12}\] |
Hint: Sacrificing/Gaining Share = Old Share -New Share |
Raj=\[\frac{1}{3}-\frac{2}{4}=\frac{4-6}{12}=\frac{2}{12}\operatorname{or}\frac{1}{6}\operatorname{Gain}\] |
Taj =\[\frac{1}{3}-\frac{1}{4}=\frac{4-3}{12}=\frac{1}{12}\] Sacrifice |
Naj = \[\frac{1}{3}-\frac{1}{4}=\frac{1}{12}\] |
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