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.
Anurag Pathak Changed status to publish July 18, 2023
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 July 18, 2023
