{"id":56713,"date":"2024-04-16T00:49:25","date_gmt":"2024-04-16T00:49:25","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56713"},"modified":"2024-04-16T00:49:25","modified_gmt":"2024-04-16T00:49:25","slug":"x-and-y-are-partners-in-a-firm-who-share-profits-and-losses-in-2-1-their-capital-balance-are-rs-50000-and-rs-30000-respectively-if-z-with-consent-of-y-takes-half-of-the-share-of-x-for-rs-300","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/x-and-y-are-partners-in-a-firm-who-share-profits-and-losses-in-2-1-their-capital-balance-are-rs-50000-and-rs-30000-respectively-if-z-with-consent-of-y-takes-half-of-the-share-of-x-for-rs-300\/","title":{"rendered":"X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z&#8217;s capital account will be credited by what amount."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 25,000&#8243; option2=&#8221;Rs. 5,000&#8243; option3=&#8221;Rs. 15,000&#8243; option4=&#8221;Rs. 20,000&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. Rs. 15,000<\/p>\n<p>X and Y share profits and losses in the ratio of 2:1. This means that X is entitled to 2\/3 of the profits and Y is entitled to 1\/3 of the profits.<\/p>\n<p>X&#8217;s capital balance is Rs. 50,000. This means that X is entitled to 2\/3 * Rs. 50,000 = Rs. 33,333 of the total capital of the firm.<\/p>\n<p>Y&#8217;s capital balance is Rs. 30,000. This means that Y is entitled to 1\/3 * Rs. 50,000 = Rs. 16,667 of the total capital of the firm.<\/p>\n<p>If Z takes half of X&#8217;s share for Rs. 30,000, then Z will be entitled to 1\/2 * Rs. 33,333 = Rs. 16,667 of the total capital of the firm.<\/p>\n<p>Therefore, Z&#8217;s capital account will be credited by Rs. 16,667.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: Rs. 25,000. This is the total amount that Z would be entitled to if X and Y shared profits and losses equally. However, X and Y do not share profits and losses equally, so this is not the correct answer.<\/li>\n<li>Option B: Rs. 5,000. This is the amount that Z would be entitled to if X and Y shared profits and losses in the ratio of 3:1. However, X and Y do not share profits and losses in this ratio, so this is not the correct answer.<\/li>\n<li>Option C: Rs. 15,000. This is the correct answer, as explained above.<\/li>\n<li>Option D: Rs. 20,000. This is the total amount that Z would be entitled to if X and Y shared profits and losses in the ratio of 2:1 and Z took half of Y&#8217;s share. However, Z is taking half of X&#8217;s share, not Y&#8217;s share, so this is not the correct answer.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 25,000&#8243; option2=&#8221;Rs. 5,000&#8243; option3=&#8221;Rs. 15,000&#8243; option4=&#8221;Rs. 20,000&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-56713","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z&#039;s capital account will be credited by what amount.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/x-and-y-are-partners-in-a-firm-who-share-profits-and-losses-in-2-1-their-capital-balance-are-rs-50000-and-rs-30000-respectively-if-z-with-consent-of-y-takes-half-of-the-share-of-x-for-rs-300\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z&#039;s capital account will be credited by what amount.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 25,000&#8243; option2=&#8221;Rs. 5,000&#8243; option3=&#8221;Rs. 15,000&#8243; option4=&#8221;Rs. 20,000&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/x-and-y-are-partners-in-a-firm-who-share-profits-and-losses-in-2-1-their-capital-balance-are-rs-50000-and-rs-30000-respectively-if-z-with-consent-of-y-takes-half-of-the-share-of-x-for-rs-300\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:49:25+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z's capital account will be credited by what amount.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/x-and-y-are-partners-in-a-firm-who-share-profits-and-losses-in-2-1-their-capital-balance-are-rs-50000-and-rs-30000-respectively-if-z-with-consent-of-y-takes-half-of-the-share-of-x-for-rs-300\/","og_locale":"en_US","og_type":"article","og_title":"X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. 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