Abha and Binay are in partnership with respective capitals of ₹ 3,00,000 and ₹ 2,00,000. The admitted Chitra as a partner for 1/6th share in profits
Abha and Binay are in partnership with respective capitals of ₹ 3,00,000 and ₹ 2,00,000. The admitted Chitra as a partner for 1/6th share in profits. Calculate Chitra’s share in the capital of the firm, if she is to bring capital in proportion of her profit sharing ratio.
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Capital of Abha and Binay for 5/6 share = ₹ 3,00,000 + ₹ 2,00,000 = ₹ 5,00,000
Capital of the new firm should be = ₹ 5,00,000 × 6/5 = ₹ 6,00,000
Chitra’s Capital = ₹ 6,00,000 × 1/6 = ₹ 1,00,000
Anurag Pathak Changed status to publish
