X and y are partners sharing profits in the ratio of 3 : 2,and capitals as rs. 100000 and rs50000 respectively, after adjustments. Z is admitted for 1/5th share in profits, the co amount z will contribute ad capital will be:
Answers
Answer:
New Profit sharing ratio = 1 - 1/5 = 4/5
A= 5/8 * 4/5 = 20/40 ; B= 3/8 * 4/5 = 12/40 ; C= 1/5 * 8/8 = 8/40
i.e. 5 ; 3 ; 2.
Capitals = 120000 * 5 = 600000
A - 600000 * 5/10 = 300000
B - 600000 * 3/10 = 180000
Answer:
(c) Rs.37,500
Explanation:
New partner's share=1/5
Let the new partners capital be X.
Total capital as per new partner's share is new partners capital*reciprocal of new partners share.
i.e. X*5 or 5X
now total capital of the new firm is 100000
+50000
+ X
150000+X
Hidden goodwill=Total capital as per new partner's share-Total capital of the firm
i.e. H.G.=5X-(150000+X)
5X-150000-X
4X-150000
4X=150000
X=Rs.37,500