CUET Preparation Today
L, P and R are partners sharing profits in the ratio of 4 : 3 : 3. After all adjustments, on L’s retirement with respect to general reserve, goodwill and revaluation etc., the balances in their capital accounts stood at Rs. 70,000, Rs. 60,000 and Rs. 50,000 respectively. It was decided that the amount payable to L will be brought by P and R in such a way as to make their capitals proportionate to their new profit sharing ratio. Calculate the amount to be brought by P. |
Rs 70,000 Rs 40,000 Rs 45,000 Rs 30,000 |
Rs 30,000 |
The correct answer is Option (4) → Rs 30,000 |
