Question

X and Y are partners sharing profits in the ratio 3:2. C is admitted for 1/5th share of profit. he is to bring
proportionate capital in the firm the capital of X and Y after all adjustments are 2,00,000 and 1,60,000
respectively. Calculate C's capital.
1

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Answer 1

Answer:

Let the total share =1, Z's share = 1/5th, Remaining share of X and Y =1-1/5=4/5.

1. Calculation of Z's Capital on the Basis of X's Capital and Y's Capital:

Step 1. Adjusted combined capital of X and Y = RS.80,000+RS.60,000=RS.1,40,000.

Step 2. Calculation of Total Capital of the Reconstituted Firm:

Total capital of the new firm

=Total adjusted capital of X and Y

Reciprocal of total share of X and Y

₹1,40,000× 5÷4 = ₹ 1,75,000

Step 3. Calculation of Proportionatc Capital of Incoming Partner (Z):

Proportionate capital of

Z = ₹1,75,000 × 1÷5 = ₹ 35,000

calculation of new profit - sharing RAT

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Answer 2

Above answel ish collect ✔

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