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A& B, who share profit and losses in the ratio of 3:2 has the following balances: capital of A Rs50000 and B Rs 30000; Reserve fund Rs 15000. they admit C as a partner, who contributes to the firm Rs 25000 for 1/6th share in the partnership. if C is to purchase 1/6th share in the partnership from the existing partners A&B in the ratio of 3:2 for Rs 25000, find closing capital of  C.

 

A. RS 25000

 

B. RS 19000

 

C.RS 20000

 

D.RS 18000

 

ANY ONE CAN ANSWER THIS QUESTION 

Replies (3)

total capital of new firm acc to C'share is

25000*6/1 = 150000

now, 150000- A's cap- B's cap- reserve- C's cap

= 150000 - 50000 - 30000 - 15000 - 25000 = 30000

this rs. 30000 is amt of goodwill

 

C's share in goodwill is 30000*1/6 = 5000rs

now, C will purchase his share of goodwill frm A and B for rs.5000

hence capital of C is rs25000 - 5000 = 20000rs.

i think answer for this ques is given 19000 in module..

it ws my problm also during CPT. bt my teachers suggested me answer to be 20000 rs

thank u

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