Question

Q.28. Revaluation Profit (24,000) Share 2 points of Ajay (18,000) Share of Vijay (?) a) 12,000 ООО b) 18,000 C) 6,000 This is a required question​

Answer 1

• Share of Vijay = © 6,000
• so , option c is the correct answer Buddy

Explanation :-

Share of Vijay = 24,000 - 18,000 = ₹ 6,000

Answer 2

Given:

Revaluation profit= Rs.24,000

Share of Ajay=Rs.18,000

To find:

The share of Vijay

Solution:

The share of Vijay is Rs.6,000. (Option C)

We can find the share by following the given steps-

We know that the profit obtained after the revaluation of assets and liabilities is distributed among the partners.

The total profit after revaluation=Rs.24,000

This profit is to be shared between Ajay and Vijay.

We know that Ajay's share=Rs.18,000

Let the share of Vijay be Rs.X.

Now, the share of Ajay+share of Vijay=Total revaluation profit

On putting the given values, we get

18,000+X=24,000

X=24,000-18,000

X=Rs.6,000

Vijay's share, X=Rs.6,000.

Therefore, the share of Vijay is Rs.6,000.