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. Ajay and Vijay are partners …

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. Ajay and Vijay are partners sharing profits in the ratio of 2:1. They admit Sanjay for 1/5th share in future profits. On the date of admission, Ajay’s capital was Rs.1,02,000 and Vijay’s capital was Rs. 73,000. Sanjay brings Rs. 25,000 as his share of goodwill and he agrees to contribute proportionate capital of the new firm. How much capital will be brought by Sanjay:

Posted by Aman Gautam 1 year, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Bhoomika Maheshwari 1 year, 9 months ago

75000 Eqn 5x -(102000+73000+x) =1,25,000 [ X here represents cap of new partner ,125000 is total GW of firm]

Lavish Bansal 1 year, 9 months ago

Add Ajay and vijay capital 102000+73000=175000 175000×5÷4 = total capital ₹218750 then sanjay share of capita 218750÷5= 43750

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