Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 30 Not yet answered Marked out of 1 P Flag question X, Y, Z are partners sharing profits in the ratio of 5:3:2. Z

image text in transcribed
image text in transcribed
Question 30 Not yet answered Marked out of 1 P Flag question X, Y, Z are partners sharing profits in the ratio of 5:3:2. Z retires and the ratio between X and Y is 3:2. Find out the gaining ratio? a. 72: 1/2 O b. 3:2 O c. 1:1 O d. 3/5: 2/5 Question 45 Not yet answered Marked out of 1 P Flag question X, Y and Z are partners sharing profits and losses in the ratio of 2:1:1, Z died on 15th March, 2015. Sales from Ist January 2015 to 15th March 2015 was OMR 60,000. Sales for 2014 was OMR 240,000. Profit for 2014 was 48,000. Compute Z's share of profit on the basis of turnover. O A. OMR 5,000 O b. OMR 3,000 O c. OMR 1,000 O d. OMR 6,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ronald W Hilton

7th Edition

0073022853, 978-0073022857

More Books

Students also viewed these Accounting questions

Question

It can be physically harmful.

Answered: 1 week ago

Question

How did you feel about taking piano lessons as a child? (general)

Answered: 1 week ago