accounts

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.

11250 is the correct answer.

11250 is correct

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

thanks to all