A & B are partner . they admitted C for 20% share. adjustted capital balance of A & B were 385000 & 415000 C brought proportionate capital . find out capital broughtby C
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Combined capital of A and B = Rs.3,85,000+ Rs. 4,15,000= Rs. 8,00,000
C’s Share= 1/5th of total capital
Remaining share= 1-1/5=4/5
4/5 = Rs.8,00,000
C’s capital= Rs. 8,00,000 x 5/4 x 1/5 = Rs.2,00,000
Explanation:
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