Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

A and B are partners in a firm sharing profits in the ratio 2 : 1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-

Options:

Rs. 50,000

Rs. 60,000

Rs. 30,000

Rs. 40,000

Correct Answer:

Rs. 60,000

Explanation:

The correct answer is Option (2) → Rs. 60,000