X, Y and Z are partners sharing profits in the ratio of capitals. Their capitals after adjustments are- 20,000, 30,000, 50,000. Their old and new ratios were - 5:3:2 and 2:3:5 respectively. Who will bring what amount of actual cash for adjustment.
Answer & explanation
Correct answer: option 1
"Old Capitals will be - 50,000 , 30,000, 20,000 ( 5:3:2)
New - 20,000 , 30,000, 50,000
Thus Z will bring 30,000 (20,000 - 50,000)"
New - 20,000 , 30,000, 50,000
Thus Z will bring 30,000 (20,000 - 50,000)"