54 (Adjustment of Capitals of Old Partners on the Basis of Capital of the Incoming
X and Y are partners in a firm sharing profits in the ratio of 3:2. The remaining
2a partner on his contribution of ? 35,000 as capital for 1/5th share of profits to be
of X and Y after adjustments are 80,000 and 60,000 respectively. They admit
und equally from both X and Y. The Capital Accounts of the old partners are to be
sed on the basis of the proportion of Z's Capital to his share in the business. Calculate
the amount of actual cash to be paid off or brought in by the old partners for the purpose .
Х
ter Profit Sharing Ratio:
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