Question

T, S and K are partners sharing profits in 3 : 2 : 1. They admit R for 1/4th share which he gets from T 3/16 and from S 1/16. The capital of the new form agreed upon was Rs 1,20,000 and R brought in cash equivalent to 1/4th share of capital. The capital of other partners also had to be adjusted in the new ratio by bringing in or paying cash. The capital of T, S and K were Rs 40,000; Rs 35,000; and Rs 30,000. Calculate the new capitals of T, S, K and R and record the necessary journal entries.

Answer 1

Answer:

This is just the converse and derivative of Pythagoras Theorem. It states that if the square of Hypotenuse is equal to the sum of squares of its Base and Height, thenthe triangle is Right Angled Triangle.