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Question
Match the following items:
| (i) | A, B and C are partners in 2: 3 : 4. B retires from the firm. The capitals of A and C after all adjustments is ₹ 50,000 and ₹ 70,000. Adjust their capitals in new profit sharing ratio. Calculate the new capital of partner C. | (a) | ₹ 53,333 |
| (ii) | A, B and C are partners in 2 : 1 : 1. B retires from the firm. The capital of new firm is fixed at ₹ 1,20,000. Calculate the new capital of partner A. | (b) | ₹ 60,000 |
| (c) | ₹ 40,000 | ||
| (d) | ₹ 80,000 |
Match the Columns
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Solution
| (i) | A, B and C are partners in 2: 3 : 4. B retires from the firm. The capitals of A and C after all adjustments is ₹ 50,000 and ₹ 70,000. Adjust their capitals in new profit sharing ratio. Calculate the new capital of partner C. | (d) | ₹ 80,000 |
| (ii) | A, B and C are partners in 2 : 1 : 1. B retires from the firm. The capital of new firm is fixed at ₹ 1,20,000. Calculate the new capital of partner A. | (d) | ₹ 80,000 |
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