Question

Ashok and Vasu were partners in a firm sharing profits and losses in the ratio of 4 : 3. Their capitals on 31^st March, 2025, were ₹ 3,00,000 and ₹ 3,75,000, respectively. During the year ended 31^st March, 2025, Vasu withdrew ₹ 40,000 for his personal use and introduced ₹ 1,50,000 as additional capital in the business. Profit of the firm for the year ended 31^st March, 2025 was ₹ 1,40,000. Vasu’s capital at the beginning of the year was ______.

विकल्प

• ₹ 2,75,000

• ₹ 4,25,000

• ₹ 2,05,000

• ₹ 3,45,000

Answer 1

Ashok and Vasu were partners in a firm sharing profits and losses in the ratio of 4 : 3. Their capitals on 31^st March, 2025, were ₹ 3,00,000 and ₹ 3,75,000, respectively. During the year ended 31^st March, 2025, Vasu withdrew ₹ 40,000 for his personal use and introduced ₹ 1,50,000 as additional capital in the business. Profit of the firm for the year ended 31^st March, 2025 was ₹ 1,40,000. Vasu’s capital at the beginning of the year was ₹ 2,05,000.

Explanation:

Vasu’s share of Profit = `1,40,000 xx 3/7`

= 60,000

particulars	Amount (₹)
Closing capital	3,75,000
Add: Drawings	40,000
Less: Additional capital	1,50,000
Less: Share of profit	60,000
Opening Capital	2,05,000