A& B are partners sharing profit and losses in the ratio of 3:2. (A's Capital is Rs 30000 and B's Capital is Rs 15000) they admitted C agreed to give 1/5th share of profit to him. how much C should bring in toward his capital?
a. 9000
b.12000
c. 14500
d.11250
tell me how to do this sum
please help
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 19 November 2009
Hi Priya...
The answer is Rs. 11250..
Reason Being, present capital for 4/5 share is Rs. 45000.. (Both existing partners)..
So, for remaining 1/5th share, its 45000*1/4= 11250...
Thats my explaination.. Lets c if any other has any other explaination.
CA Paras jain
(Audit Senior Assistant)
(1544 Points)
Replied 19 November 2009
existing capital of firm is rs.45000 which is 4/5 th of total capital of new firm..
hence the total capital of new firm = 45000*5/4 = 56250
now to compute capital of C (new partner) there are two ways:
1) dedut capital of existing capital from new one
56250 - 45000 = 11250
2)simply multiply new capital by C share in new firm
56250*1/5 = 11250
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
