Lal, Bal and Pal are partners sharing profits in the ratio of 5 : 3 : 7. Lal retired from the firm. Bal and Pal decided to share future profits in the ratio of 2 : 3
Lal, Bal and Pal are partners sharing profits in the ratio of 5 : 3 : 7. Lal retired from the firm. Bal and Pal decided to share future profits in the ratio of 2 : 3. The adjusted Capital Accounts of Bal and Pal showed balances of ₹ 49,500 and ₹ 1,05,750 respectively. The total amount to be paid to Lal is ₹ 1,35,750. This amount is to be paid by Bal and Pal in a manner that their capitals become proportionate to their new profit-sharing ratio.
Calculate the amount to be brought or to be paid to partners.
[Ans.: Bal brings ₹ 66,900 and Pal brings ₹ 68,850.]
Anurag Pathak Changed status to publish November 12, 2023