Question

(12) A is a sole trader having capital of rs. 10,000 on 1.4.2009. He admitted B as a partner on 30.06.2009. B paid rs. 8,000 as capital. On 30.9.2009 C was admitted into firm who paid rs. 10,000 as capital. The account of the firm are closed on 31st March and profit and loss is distributed in capital ratio. Calculate profit sharing ratio.(Ans. 10 : 6:5]​

Answer 1

let the common factor x

Then

10x+6x+5x=10000+8000+10000

=→21x=28000

=→x=28000/21=4000/3

Answer 2

Answer:

10:6:6

Step-by-step explanation:

• Capital of A is 10,000rs on 1.4.2009. but account will be closed 31st March .So Total capital of A= 12×10,000= 1,20,000rs.
• Capital of B is 8000rs on 30.6.2009.but account will be closed on 31st March .so Total capital of B = 72000rs.
• Capital of C is 10,000rs on 30.09.2009.but account will be closed on 31st March.so Total capital of C =10,000×6=60,000rs.
• Their profit ratio will be
• 1,20,000:72,000:60,000
• if we divide the given ratio by 12,000 then we get 10:6:5.This is final answer.