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: | ||||||||||||||||||
|
||||||||||||||||||
Proportionate amount gained by Raj will be: |
A) Rs. 2,916
B) Rs.1,458
C) Rs. 4,374
D) None of these
Correct Answer: A
Solution :
[a] Rs. 2,916 |
Hint: Proportionate amt. gained by RIcha =17,500 \[\times \frac{1}{6}\]= Rs. 2,916 |
You need to login to perform this action.
You will be redirected in
3 sec