21 Views

Question : If total assets of a firm are Rs.12,00,000 and total liabilities are Rs.2,40,000, what will be the capitals of P, Q and R if they share profits in the ratio of their capitals and profit sharing ratio is 1 : 2 : 3 - 

Option 1: P: Rs.4,80,000; Q: Rs.3,20,000; R: Rs.1,60,000

Option 2: P: Rs.1,60,000; Q: Rs. 3,20,000; R: Rs. 4,80,000

Option 3: P: Rs. 2,00,000; Q: Rs. 4,00,000; R: Rs. 6,00,000

Option 4: P: Rs. 6,00,000; Q: Rs. 4,00,000; R: Rs. 2,00,000


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: P: Rs.1,60,000; Q: Rs. 3,20,000; R: Rs. 4,80,000


Solution : Total capital balance is = 1200000 - 240000 = 960000

P's capital will be = 960000 * 1 / 6  = 160000

Q's capital will be = 960000 * 2 / 6 = 320000

R's capital will be = 960000 * 3 / 6 = 480000

Hence the correct answer is option 2.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships | Application Deadline: 31st Jan'25
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ISBR Business School PGDM Adm...
Apply
180+ Companies | Highest CTC 15 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books