Question

shaji,anish and mahash divided the profit of their business in the ratio 2:3:4 if the profit is 9000 rs find the amount received by each person ​

Answer 1

Answer:

Homework Help

CBSE

Class 12

Accountancy

Anish and Manish are partners and they admit Ravish into partnership. They agreed to value goodwill at three years’ purchase on Weighted Average Profit Method taking profits for the last five years. They assigned weights from 1 to 5 beginning from the earliest year and onwards. The profits for the last five years were as follows: Year ended 31st March, 2014 31st March, 2015 31st March, 2016 31st March, 2017 31st March, 2018 Profits (`) 1,25,000 1,40,000 1,20,000 55,000 2,57,000 Books of Account revealed the following: (i) A second hand machine was purchased for ` 5,00,000 on 1st April, 2016 and ` 1,00,000 were spent to make it operational. ` 1,00,000 were wrongly debited to Repairs Account. Machinery is depreciated @ 20% p.a. on Written Down Value Method. (ii) Closing Stock as on 31st March, 2017 was undervalued by ` 50,000. (iii) Remuneration to partners was to be considered as charge against profit and remuneration of ` 20,000 p.a. for each partner was considered appropriate. Calculate the value of goodwill.

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Answer 2

Step-by-step explanation:

if 2:3:4 is the ratio then the sum is 9

so we should divide the per amount.for 3 people so, let the unknown value be x

9/9000 x =1000

so the given x is 1000

so shaji gave 2×1000 = 2000

anish gave 3×1000 = 3000

mahesh gave 4×1000= 4000

hope this helps you. ^_^