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X,Y partners in a firm having …

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X,Y partners in a firm having capital balances ofRs. 90,000 and Rs. 60,000. they admitted Z as a new partner for 2/7 share. what will be the Z's share of capital if he has to contribute capital in proportion to his profit sharing ratio?

Posted by Pretty Girl 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Hitesh Kumar 6 years, 10 months ago

Add X&Y cap 90000+60000=150000 150000×7/5=210000 210000 total cap Z share cap =210000×2/7=60000

Shanu Kumari 6 years, 10 months ago

Combined capital = 90000+60000= 150000 Let total share =1 Remaing share = 1-2\7 =5\7 Total capital of the firm = 150000*7\5 =210000 Z ' s capital = 210000 * 2\7 = 60000

Savita Sahu 6 years, 10 months ago

(90,000+60,000)*7/5=2,10,000 total capital of firm 2,10,000*2/7=60,000 capital share of z

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