Question

Ramesh and Suresh are partners in a firm sharing profit ratio in 2:1 they admit mahesh with 1/5 share

Answer 1

Correct question :

Ramesh and Suresh are partners sharing profits and losses in the ratio of 2:1 respectively. Ramesh capital is Rs 1,02,000 and Suresh capital is Rs 73,000. They admit Mahesh and agree to give him 1/5th share in future profits. Mahesh bring Rs 14,000 as share of goodwill. He agrees to contribute capital in the new profit sharing ratio. How much capital should be brought by Mahesh?

Answer :

Ramesh's Capital = Rs 1,02,000

Suresh's Capital = Rs 73,000.

They admit Mahesh and agree to give him 1/5th share in

Mahesh brings Rs 14,000

as his share of goodwill.

[tex][/tex]

the correct answer is Rs 43,750