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X and y are partners sharing …

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X and y are partners sharing profits in the ratio 2:3. They admitted z for 1/5th share of profits for which he paid 120000 against capital and 60000 as goodwill.find the capital balanves for each partner taking z's capital as base capital

Posted by Smriti Agrawal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Deependra Lawaniya 6 years, 10 months ago

Total capital of the firm= 120000 x 5 =600000(reciprocal of z capital) Z capital = 120000 X capital = 480000 x2/5=192000 Y capital= 480000 × 3/5=288000

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