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A and B are partners having capitals after all adjustments as ₹ 55,000 and 45,000 respectively. C is admitted for 1/5th share and is asked to bring in proportionats capital. Determine capital to be brought by C?
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A and B are partners having capitals after all adjustments as ₹ 55,000...
Calculation of Capital to be brought by C:


  1. Initial Capital of A and B:
    A's capital = ₹55,000
    B's capital = ₹45,000


  2. Ratio of Initial Capitals:
    A:B = 55,000 : 45,000 = 11:9


  3. Capital to be brought by C:
    Given, C is admitted for 1/5th share
    Total share after C's admission = 1 (C's share) + 11 (A's share) + 9 (B's share) = 21 parts
    C's share = 1/5 of total share = 1/5 * 21 = 4.2 parts


  4. Capital to be brought by C:
    C's capital = Total capital * C's share
    C's capital = (55,000 + 45,000) * (4.2/21)
    C's capital = 1,00,000 * 0.2
    C's capital = ₹20,000


Therefore, C should bring ₹20,000 as capital to the partnership.
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A, B and C are partners sharing profits and losses in the ratio of 2 : 1 : 1 respectively.On 31st March, 2012, their balance sheet was as follows:A died on 1st April, 2012. The firm had taken a joint life policy for Rs 1,20,000, the payment for which was received by the firm. According to the partnership deed, on retirement or death of a partner, the goodwill of the firm was to be valued at 1½ times of the average profit for the last four years.The profits for the last four years were Rs 64,000, Rs 69,000, Rs 72,000 and Rs 75,000 respectively. For paying the amount due to A’s legal representative, B and C brought as much cash as would bring their capitals in profit sharing ratio and the firm would have a cash balance of Rs 3,000.Pass journal entries to record the above mentioned transactions and prepare partners’ capital accounts. in this question how b capital become 88750 and c capital will become 68750?

A, B and C are partners sharing profits and losses in the ratio of 2 : 1 : 1 respectively.On 31st March, 2012, their balance sheet was as follows:A died on 1st April, 2012. The firm had taken a joint life policy for Rs 1,20,000, the payment for which was received by the firm. According to the partnership deed, on retirement or death of a partner, the goodwill of the firm was to be valued at 1½ times of the average profit for the last four years.The profits for the last four years were Rs 64,000, Rs 69,000, Rs 72,000 and Rs 75,000 respectively. For paying the amount due to A’s legal representative, B and C brought as much cash as would bring their capitals in profit sharing ratio and the firm would have a cash balance of Rs 3,000.Pass journal entries to record the above mentioned transactions and prepare partners’ capital accounts.?

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A and B are partners having capitals after all adjustments as ₹ 55,000 and 45,000 respectively. C is admitted for 1/5th share and is asked to bring in proportionats capital. Determine capital to be brought by C?
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A and B are partners having capitals after all adjustments as ₹ 55,000 and 45,000 respectively. C is admitted for 1/5th share and is asked to bring in proportionats capital. Determine capital to be brought by C? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A and B are partners having capitals after all adjustments as ₹ 55,000 and 45,000 respectively. C is admitted for 1/5th share and is asked to bring in proportionats capital. Determine capital to be brought by C? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners having capitals after all adjustments as ₹ 55,000 and 45,000 respectively. C is admitted for 1/5th share and is asked to bring in proportionats capital. Determine capital to be brought by C?.
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