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Find out the excess capital from the following particulars; Anil, Sunil and Kamal are three partners sharing profits and losses in the ratio of 2:2:1 respectively. They decided to dissolve their firm when their capital balances stood as follows:- Anil- 60000; Sunil- 50000 and Kamal- 20000?
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Find out the excess capital from the following particulars; Anil, Suni...
Solution:

To find out the excess capital, we need to calculate the total capital and the amount to be paid to each partner according to their profit-sharing ratio.

Total Capital = Anil's Capital + Sunil's Capital + Kamal's Capital
Total Capital = 60000 + 50000 + 20000
Total Capital = 130000

The profit-sharing ratio is 2:2:1 for Anil, Sunil, and Kamal respectively. So, the amount to be paid to each partner will be:

Anil's Share = (2/5) * Total Capital
Anil's Share = (2/5) * 130000
Anil's Share = 52000

Sunil's Share = (2/5) * Total Capital
Sunil's Share = (2/5) * 130000
Sunil's Share = 52000

Kamal's Share = (1/5) * Total Capital
Kamal's Share = (1/5) * 130000
Kamal's Share = 26000

Excess Capital = Total Capital - (Anil's Share + Sunil's Share + Kamal's Share)
Excess Capital = 130000 - (52000 + 52000 + 26000)
Excess Capital = 26000

Therefore, the excess capital is Rs. 26,000.

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Calculation of Excess Capital
- Total Capital = Anil's Capital + Sunil's Capital + Kamal's Capital
- Total Capital = 60000 + 50000 + 20000
- Total Capital = 130000
- Anil's Share = (2/5) * Total Capital
- Anil's Share = (2/5) * 130000
- Anil's Share = 52000
- Sunil's Share = (2/5) * Total Capital
- Sunil's Share = (2/5) * 130000
- Sunil's Share = 52000
- Kamal's Share = (1/5) * Total Capital
- Kamal's Share = (1/5) * 130000
- Kamal's Share = 26000
- Excess Capital = Total Capital - (Anil's Share + Sunil's Share + Kamal's Share)
- Excess Capital = 130000 - (52000 + 52000 + 26000)
- Excess Capital = 26000
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Find out the excess capital from the following particulars; Anil, Sunil and Kamal are three partners sharing profits and losses in the ratio of 2:2:1 respectively. They decided to dissolve their firm when their capital balances stood as follows:- Anil- 60000; Sunil- 50000 and Kamal- 20000?
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Find out the excess capital from the following particulars; Anil, Sunil and Kamal are three partners sharing profits and losses in the ratio of 2:2:1 respectively. They decided to dissolve their firm when their capital balances stood as follows:- Anil- 60000; Sunil- 50000 and Kamal- 20000? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Find out the excess capital from the following particulars; Anil, Sunil and Kamal are three partners sharing profits and losses in the ratio of 2:2:1 respectively. They decided to dissolve their firm when their capital balances stood as follows:- Anil- 60000; Sunil- 50000 and Kamal- 20000? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find out the excess capital from the following particulars; Anil, Sunil and Kamal are three partners sharing profits and losses in the ratio of 2:2:1 respectively. They decided to dissolve their firm when their capital balances stood as follows:- Anil- 60000; Sunil- 50000 and Kamal- 20000?.
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