{"id":58571,"date":"2024-04-16T01:21:53","date_gmt":"2024-04-16T01:21:53","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58571"},"modified":"2024-04-16T01:21:53","modified_gmt":"2024-04-16T01:21:53","slug":"a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/","title":{"rendered":"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner&#8217;s capitals were: A &#8211; Rs. 10,000, B &#8211; Rs. 9,000 and C &#8211; Rs. 5,000, B&#8217;s loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a96f70940fc4\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Rs. 1,400                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Rs. 1,467                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Rs. 1,633                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Rs. 1,933                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is B. Rs. 1,467.<\/p>\n<p>The first step is to calculate the total amount of money that needs to be distributed to the partners. This is done by adding up the partners&#8217; capitals, loans, and sundry creditors. In this case, the total amount is Rs. 27,900.<\/p>\n<p>The next step is to calculate the amount of money that each partner is entitled to. This is done by multiplying each partner&#8217;s capital by their profit-sharing ratio. In this case, A is entitled to Rs. 7,370, B is entitled to Rs. 5,580, and C is entitled to Rs. 2,050.<\/p>\n<p>The final step is to subtract the amount of money that each partner owes from the amount that they are entitled to. In this case, B owes Rs. 3,000, so their final amount is Rs. 2,580.<\/p>\n<p>Therefore, in September, B will receive Rs. 1,467.<\/p>\n<p>Here is a breakdown of each option:<\/p>\n<ul>\n<li>Option A: Rs. 1,400. This is the amount that B would receive if they were not owed any money. However, B owes Rs. 3,000, so they will not receive this amount.<\/li>\n<li>Option B: Rs. 1,467. This is the correct answer. It is the amount that B is entitled to after subtracting the amount that they owe.<\/li>\n<li>Option C: Rs. 1,633. This is the amount that B would receive if they were not owed any money and if the assets had been realized for Rs. 6,000 in September. However, the assets were only realized for Rs. 4,500, so B will receive less than this amount.<\/li>\n<li>Option D: Rs. 1,933. This is the amount that B would receive <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n  <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>           <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> if they were not owed any money and if the assets had been realized for Rs. 6,000 in September and if there were no expenses. However, there were expenses of Rs. 300, so B will receive less than this amount.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/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":[],"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>A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner&#039;s capitals were: A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B&#039;s loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:<\/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\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner&#039;s capitals were: A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B&#039;s loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram Channel Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T01:21:53+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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner's capitals were: A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B's loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:","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\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/","og_locale":"en_US","og_type":"article","og_title":"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner's capitals were: A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B's loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:","og_description":"Join Our Telegram Channel Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T01:21:53+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/","name":"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner's capitals were: A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B's loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000. Assets realisation and expenses were as under: Assets Realised Expenses July Rs. 5,300 Rs. 500 August Rs. 3,600 Rs. 200 September Rs. 4,500 Rs. 300 October Rs. 4,500 Rs. 200 In September B will receive:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-16T01:21:53+00:00","dateModified":"2024-04-16T01:21:53+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-b-and-c-were-partners-sharing-profits-and-losses-in-the-ratio-of-3-2-1-they-decided-to-dissolve-the-partnership-and-to-distribute-the-sale-proceeds-as-and-when-realised-the-partners-capital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. 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