Read the following passage and answer the questions given belowRahul, Ravi, and Raju are the parteners of a business. They started a partnership business in the textiles. Their capital were Rs 4,00,000 Rs 3,00,000 And Rs 1, 00,000 respectively. They decided to share the profit and losses in the ratio of 4:3:1.They decided to expand their business, The new partner was admitted Ramesh in the firm for 1/5th of share in the profit. On Ramesh admission the goodwill of the firm was valued at 3 years. Purchase of last 5 years average profit. The profit during last 5 year were Rs 5,00,000 , 4,00,000 and 2,00,000 , 1,00,000 . Ramesh brought Rs 2,00,000 his capital and Also his share of goodwill 1) What amount of capital will be brought by Ramesh1 point1,00,0002,00,00050,0003,00,0002) What is the total capital of the firm at the time of started the business1 point2,00,0001,00,0008,00,0005,00,0003) Who is the new partner of the firm1 pointKavinRameshRaniKeshavOther:4) On the Ramesh admission the goodwill of the firm is valued at ______ year*1 point5327Other:BackNextClear form
Question
Read the following passage and answer the questions given belowRahul, Ravi, and Raju are the parteners of a business. They started a partnership business in the textiles. Their capital were Rs 4,00,000 Rs 3,00,000 And Rs 1, 00,000 respectively. They decided to share the profit and losses in the ratio of 4:3:1.They decided to expand their business, The new partner was admitted Ramesh in the firm for 1/5th of share in the profit. On Ramesh admission the goodwill of the firm was valued at 3 years. Purchase of last 5 years average profit. The profit during last 5 year were Rs 5,00,000 , 4,00,000 and 2,00,000 , 1,00,000 . Ramesh brought Rs 2,00,000 his capital and Also his share of goodwill 1) What amount of capital will be brought by Ramesh1 point1,00,0002,00,00050,0003,00,0002) What is the total capital of the firm at the time of started the business1 point2,00,0001,00,0008,00,0005,00,0003) Who is the new partner of the firm1 pointKavinRameshRaniKeshavOther:4) On the Ramesh admission the goodwill of the firm is valued at ______ year*1 point5327Other:BackNextClear form
Solution
- Ramesh will bring Rs 2,00,000 as his capital.
- The total capital of the firm at the time of starting the business is Rs 8,00,000.
- The new partner of the firm is Ramesh.
- On Ramesh's admission, the goodwill of the firm is valued at 3 years.
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