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CPT 1733 views 6 replies

Please give the answer for this Partnership a/c Problem....



A and B are partners sharing profits and losses in the ratio of 3:2 (A's capital is30000 and B's capital is15000). They admitted C agreed to give 1/5th share of profits to him. General Reserve in the balance sheet is at9000. How much C should bring in towards his capital?

Replies (6)

new profit sharing ratio A:B:C= 12:8:5

A cap a/c bal= 35400[30000+5400 reserves bal]

Bcap a/c bal=18600[15000+3600 reserves bal]

20/25[12/25+8/25]=54000 then 5/25= 13500

so c's cap=13500

sry if wrong

YES C'S CAPITAL WILL BE 13500RS. 

BUT I HAVE DONE THE CALCULATION IN OTHER WAY                

BUT I HAVE DONE THE CALCULATION IN OTHER WAY                

simple way : 54000*5/4 =67500*1/5=13500

agree with mounika & future ca

Hi friends, only 5 days are left for ur exams. so concentrate. the answer is

                 Share of profit of A & B                           Sahre of profit of C

                          4/5                                                              1/5

Capital          54,000                                                           ?

Just cross multiply and u will get the answer as        54,000 x 1

                                                                                                     4

                                                                                         = 13,500

Regards, CA Shakuntala Chhangani


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