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Standard XII

Accountancy

Adjustment in Partner's Capital A/c (Retirement)

Sohan, Amisha...

Question

Sohan, Amisha and Neena are partners sharing profit in the ratio of 3 : 2 : 1. When Sohan retired, their adjusted capitals were Rs.90,000, Rs.60,000 and Rs.70,000 respectively. Amisha and Neena decided to have their total capital of the firm in the ratio of 5 : 3. Find the capital of the new firm.

None of the above

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Rs 1,30,000

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Rs 2,20,000

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Rs 3,70,000

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Solution

The correct option is B
Rs 1,30,000

Total capital of new firm = Amisha 's capital + Neena's capital = Rs 70,000 + Rs 60,000 = Rs 1,30,000.

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Sohan, Amisha and Neena are partners sharing profit in the ratio of 3 : 2 : 1. When Sohan retired, their adjusted capitals were Rs.90,000, Rs.60,000 and Rs.70,000 respectively. Amisha and Neena decided to have their total capital of the firm in the ratio of 5 : 3. Find the capital of the new firm.

The correct option is B Rs 1,30,000 Total capital of new firm = Amisha 's capital + Neena's capital = Rs 70,000 + Rs 60,000 = Rs 1,30,000.

The correct option is B
Rs 1,30,000

Total capital of new firm = Amisha 's capital + Neena's capital = Rs 70,000 + Rs 60,000 = Rs 1,30,000.