Question

Anil and Baldev are partners sharing profit and losses

Q: Answer-Anil and Baldev are partners sharing profit and losses in the ratio of 3: 2. Anil's capital is ₹ 60,...

Anil Baldev Capital after adjustment of the following Revaluation Loss 14,000 General Reserve 24,000 Net 10,000 This 10,000 will be distributed by the old partners in there old profit sharing ratio. A Share 10,000 35 6000 B Share 10,000 25 4000 Revised Capital after adjustment As Capital 60,0006000 66,000 Bs Capital 30,0004,000 34,000 New partner C is being admitted for 15th of the total profits of the firm, so the remaining profit 1-15 i.e. 45th will be shared by A B. A B existing capital 6600034000 100,000 Total proportionate capital of the firm should be 10000054 1,25,000 C will bring proportionate capital 12500015 25,000

in the ratio of 3: 2. Anil's capital is ₹ 60,000 and Baldev's capital is ₹ 30,000 before adjustment of Revaluation loss of ₹ 14,000 and General Reserve of ₹ 24,000. They admitted Chandramani as a new partner and agreed to give him 1/5 share of profits. Chandramani will bring proportionate capital. Calculate the capital of Chandramani:

A ₹ 29,000

B ₹ 22,500

C ₹ 24,000

D ₹ 25,000

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