Ganga and Jamuna are partners sharing profits in the ratio of 2 : 1. They admit Saraswati for 1/5th share in future profits. On the date of admission, Ganga’s capital was ₹ 1,02,000 and Jamuna’s Capital was ₹ 73,000. Saraswati brings ₹ 25,000 as her share of goodwill and she agrees to contribute proportionate capital in the new firm. How much capital will be brought by Saraswati?
Ganga and Jamuna are partners sharing profits in the ratio of 2 : 1. They admit Saraswati for 1/5th share in future profits. On the date of admission, Ganga’s capital was ₹ 1,02,000 and Jamuna’s Capital was ₹ 73,000. Saraswati brings ₹ 25,000 as her share of goodwill and she agrees to contribute proportionate capital in the new firm. How much capital will be brought by Saraswati?
a) ₹ 43,750
b) ₹ 37,500
c) ₹ 50,000
d) ₹ 40,000
Anurag Pathak Changed status to publish June 1, 2023
Ans – c)
Solution;-
Total adjusted capital of the old partners = ₹ 1,02,000 + ₹ 73,000 + 25000 = ₹ 2,00,000
Combine profit share of old partners = 1 – 1/5 = 4/5
Total Capital of the firm = 2,00,000 × 5/4 = ₹ 2,50,000
Saraswati’s capital = 2,50,000 × 1/5 = ₹ 50,000
Anurag Pathak Changed status to publish June 1, 2023
