Cpt account
This query is : Resolved
13 June 2015
A and B sharing 2/3rd. of profits of the firm and C and D are sharing in the ratio of 3:2. find the ratio of A:B:C:D.
14 June 2015
A & B are share 2/3rd means they share it equally and the remaining 1/3rd is shared by C & D in 3:2.
A = 2/3 x 1/2 = 1/3
B = 2/3 x 1/2 = 1/3
C = 1/3 x 3/5 = 1/5
D = 1/3 x 2/5 = 2/15
Converting to common denominator which is LCM
we have
A = 1/3 x 5/5 = 5/15
B = 1/3 x 5/5 = 5/15
C = 1/5 X 3/3 = 3/15
D = 2/15
Profit sharing ratio is 5:5:3:2
A = 2/3 x 1/2 = 1/3
B = 2/3 x 1/2 = 1/3
C = 1/3 x 3/5 = 1/5
D = 1/3 x 2/5 = 2/15
Converting to common denominator which is LCM
we have
A = 1/3 x 5/5 = 5/15
B = 1/3 x 5/5 = 5/15
C = 1/5 X 3/3 = 3/15
D = 2/15
Profit sharing ratio is 5:5:3:2
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
