Question

the A and B were in partnership with Rs. 30,000 and Rs. 20,000 as their respec- tive capitals. They admitted C as a partner for th share in profits. You are required to calculate the amount of C's share in the capital of the firm if he is asked to bring in capital in proportion of his profit sharing ratio.​

Answer 1

Answer:

HOPE IT HELPS

Explanation:

To calculate the amount of capital contributed by C ,  

1 - 1/6 = 5/6

5/6 is the share of A and B.

So,  

30000 + 20000 = 50000 (capital of A and B)  

Total capital of the firm = 50000* 6/5 = 60000

C's capital = 60000*1/6 = Rs 10000