Chapter 5. Admission of a Partner 5.83
1. X and Y are partners sharing profits and losses in the ratio of 3:2. Z was admitted for the 1/5th share
and for this he brings 150,000, as capital. If capitals are to be proportionate to profit-sharing ratio,
the respective capitals of the partners will be
Answers
Answered by
1
Explanation:
X=90000 rupies
Y=60000 rupies
Answered by
0
Answer: The Y's share of adjusted capital will be: 40,000
Explanation:
X and Y are sharing profits and losses in the ratio of 5:4. Z is admitted into the firm with 1/10 share in profits for which he brings 10,000 as his capital. Hence Y's share of adjusted capital will be?
The ratio of X: Y = 5:4
The ratio of X: Y : Z = 5: 4: 1
= 5/10 : 4/10 : 1/10
Z capital share is 10,000
Therefore: X capital share is 50,000
Y capital share is 40,000
Similar questions