Question : If the total assets of a firm are Rs.24,00,000 and the total liabilities are Rs.4,80,000 what will be the capitals of P, Q and R if they share profits in the ratio of their capitals and the profit sharing ratio is 1: 2: 3?
Option 1: P 4,80,000; Q3,20,000; R 1,60,000
Option 2: P 3,20,000; Q 6,40,000; R 9,60,000
Option 3: P 2,00,000; Q 4,00,000; R 6,00,000
Option 4: P 6,00,000; Q 4,00,000; R 2,00,000
Answer (1)
13th Jan, 2024
Correct Answer: P 3,20,000; Q 6,40,000; R 9,60,000
Solution : Answer = P 3,20,000; Q 6,40,000; R 9,60,000
| Memorandum balance sheet | |||
| Outsiders liabilities | 4,80,000 | S.Assets | 24,00,000 |
| Capitals | 19,20,000 | ||
| P-3,20,000 | |||
| Q-6,40,000 | |||
| R-9,60,000 | |||
| 24,00,000 | 24,00,000 | ||
Hence, the correct option is 2.
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