Question

SPECTRUM ACCOUNTANCY-II
PARTNERSHIP A
P, Q and R were partners sharing Profits & Losses in 4 : 3:3. Q retired on 31st Dec., 2015 on
which date capitals of P, Q and R after all necessary adjustments stood at 35,700, * 24,900 and
25,400 respectively. The cash and bank balance on the same date amounted to 12,000. Q was
to be paid through cash brought in by P and R in such a way as to make their capitals proportionate
to their new profit sharing ratio which was 5: 4. Calculate the amount of cash to be paid off or
brought in by continuing partners assuming that a minimum cash and bank balance of 2,500 was
to be maintained.
[Ans. Cash brought in by P* 6,800 & by R8,600]
C retire
change
(a) St
(b) P
(c) F
(d) E​

Answer 1

Answer:

P

Explanation:

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