Practicing Success
X and Y are partners sharing profits in the ratio 5:3. They admitted Z for 1/5th profits, for which he paid ₹60,000 against capital and ₹30,000 against goodwill. Find the capital balance for each partner taking Z's capital as base capital. |
Rs1,50,000; Rs60,000 and Rs60,000 Rs1,50,000; Rs60,000 and Rs90,000 Rs1,50,000; Rs90,000 and Rs60,000 Rs1,50,000; Rs90,000 and Rs90,000 |
Rs1,50,000; Rs90,000 and Rs60,000 |
Let total share = 1 |