26. Yash and Manan are partners sharing
profits in the ratio 2:1. They admitted
Chintan as partner for 25% share of profit.
Chintan acquired the share from old
partners in the ratio 3:2. New profit sharing
ratio will be -
O a) 14:31:15
O b) 3:2:1
O c) 31:14:15
d) 2:3:1
Answers
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Capital brought in by Z= 20000
Total Capital of the firm based on Z's share= 20000* 4/1
= 80000
Hence, Capital remaining after Z= 80000-20000 = 60000
X's adjusted Capital= 2/3 * 60000= 40000
Y's adjusted Capital= 1/3 * 60000= 20000
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