Question

Arun and Barun were partners sharing Profits & Losses in the ratio 3 : 2. They admitted Charan into partnership for 20% share. Charan was to bring proportionate Capital and he brought ₹ 3,50,000 (including ₹ 50,000 for goodwill share) in firm. If adjusted capital of Arun after Revaluation Gain/Loss, Accumulated Profits/Losses and Goodwill treatment was ₹ 8,40,000. What was Barun’s Capital after Revaluation Gain/Loss, Accumulated Profits/Losses and Goodwill treatment?

पर्याय

• ₹ 5,60,000

• ₹ 3,60,000

• ₹ 12,00,000

• ₹ 6,60,000

Answer 1

₹ 3,60,000

Explanation:

Given:

Arun: Barun = 3 : 2

Charan admitted for 20% share.

Charan brings ₹ 3,50,000, including ₹ 50,000 goodwill.

So Capital brought by Charan = ₹ 3,00,000.

Arun’s adjusted capital = ₹ 8,40,000.

We need Barun’s adjusted capital.

Charan’s capital = 20% 

Total Capital = `(3,00,000)/0.20`

= 15,00,000

Barun’s capital:

Total capital = Capital of Arun + Capital of Barun + Capital of Charan

15,00,000 = 8,40,000 + Capital of Barun + 3,00,000

Barun’s capital = 15,00,000 − 8,40,000 − 3,00,000

= 15,00,000 − 11,40,000 

= ₹ 3,60,000